Your client just received an endowment and placed this money in a savings account at an annual rate of 7.78 percent. He is going to withdraw the following cash flows for the next five years.

End of year 1. $3,254 2. $8,985 3. $5,781 4. $1,841 5. $11,042

How much is the endowment that your client received?

Round the answer to two decimal places.