You have been offered two different salary arrangements. You can have $119956 per year for the next two years, or you can have $53548 per year for the next two years, along with a $34379 signing bonus today. The bonus is paid immediately, and the salary is paid at the end of each year. If the interest rate is 6 percent compounded monthly, what is the present value of the first arrangement? (Round answer to 2 decimal places. Do not round intermediate calculations)