Jack Hammer invests in a stock that will pay dividends of $$3\mathrm{.}07$ at the end of the first year; $$3\mathrm{.}44$ at the end of the second year; and $$3\mathrm{.}81$ at the end of the third year. Also at the end of the third year he believes he will be able to sell the stock for $$57.$

What is the present value of these future benefits if a discount rate of $14$ percent is applied? Use Appendix B$.($Round $"$PV Factor" to $3$ decimal places. Do not round intermediate calculations. Round the final answers to $2$ decimal places.$)$

Present value

$$3\mathrm{.}07$

$2\mathrm{.}69$

$$3\mathrm{.}44$

$2\mathrm{.}65$

$$3\mathrm{.}81$

$2\mathrm{.}57$

$$57\mathrm{.}00$

Total $

$46\mathrm{.}38$