Janice Lucas is the president of Miller Custom Coffee Roasters. She drives a 2020 Mercedes E300 with a fair market value of $57,500. The lease value is $14,750. The odometer started at 655 and was reported at 32,855 at the end of the year. The car was available all of 2021. Janice reported that she drove 32,200 miles during 2021, of which 9,800 were for personal reasons. The company pays all her fuel and charges her five cents per personal mile for fuel costs. What is her 2021 valuation using the lease value rule?