Ajax Corporation has hired Tony Pepperoni as its new president. Terms included the company"s agreeing to pay retirement benefits of $18,100 at the end of each semiannual period for 11 years. This will begin in 3,650 days. If the money can be invested at 8% compounded semiannually, what must the company deposit today to fulfill its obligation to Tony? (use 365 days a year, do not round intermediate calculations. answer rounded to the nearest cent)