Your client's child will be attending college in 4 years and she asks you how much she will need to set aside today to pay the first year's tuition and fees. She estimates that if her child attends her alma mater the tuition and fees will be $54,012. Assuming she can earn 6.79 percent on the money she invests for this purpose, compounded annually, how much would she need to invest today to meet her child's first year college need? Round the answer to two decimal places