Robin Williams has just purchased some equipment for his business. For this equipment he must pay the following amounts at the end of each of the next 5 yrs: $10,900, $7,790, $9,760, $12,190, &...

Robin Williams has just purchased some equipment for his business. For this equipment he must pay the following amounts at the end of each of the next 5 yrs:

$10,900, $7,790, $9,760, $12,190, & $11,070

If the appropriate discount rate is 7.265%, what is the cost in todays dollars of the equipment Mr. Williams purchased today?

(Do not round factos values. Round final answer 2 decimal places)

Present value $_____