Steve Short wants to set up a fund to pay for his daughter's education. In order to pay her expenses, he will need $23,000 in four years, $24,900 in five years, $26,000 in six years, and $27,400 in seven years. If he can put money into a fund that pays 6% interest, what lump-sum payment must he place in the fund today to meet his college funding goals? Round the answer to the nearest cent. Round PV-factor to three decimal places.