Your friend needs money today and can pay you $5,575 in 6 year, $2,122 in 8 years, $6,306 in 14 years and $500 at the end of each quarter starting at the beginning of year 5 and ending at the beginning of year 20. How much would you be willing to lend him today if you both agree that 14.81% interest per year is fair. Assume all interest is compounded quarter.