Problem $6-27$ Discounted Cash Flow Analysis $[$LO$1]$

The appropriate discount rate for the following cash flows is $10$ percent compounded quarterly.

Year Cash Flow

$1$ $ $880$

$2960$

$30$

$41,550$

What is the present value of the cash flows? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$