You tried to sneak a cappuccino into the movie theatre. It spilled on your leg and scalded you. Your lawyer says that you can expect a payout from the coffee shop's insurance company of $7150 per year for 12 years. The only catch is that the first payment won't happen until the court case is over in 2 years. What is the present value of your settlement as of today? Assume an interest rate of 6.25%.