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Your client just received an endowment and placed this money in a savings account at an annual rate of 7.47 percent. He is going to

Your client just received an endowment and placed this money in a savings account at an annual rate of 7.47 percent. He is going to withdraw the following cash flows for the next five years.

End of year 1. $5,852 2. $6,017 3. $7,517 4. $3,116 5. $2,422

How much is the endowment that your client received?

Round the answer to two decimal places.

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