You have inherited a family farm and your childhood best friend has offered to buy your farm. They have poor credit, but they are your best friend, so you agree to set up seller financing. They offer $2400 a month for 30 years. If the current interest rate on a 30 -year fixed-rate loan is 6.77%, what is the present value of those payments? In other words, what is the implied value of the home? Please answer with two decimal places with positive values only