You just won a lottery that makes payment at the end of the year for 29 years. The first payment will be $15,260 and will be paid one year from today. Every year thereafter, the payments will increase by 1.4 percent annually. What is the present value of your prize at a discount rate of 5.2 percent? (Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.)