Steve expects to have an expense of 46,975 dollars one year from now, a receivable of 19,224 dollars two years from now, and an expense of 19,820 dollars three years from now. Compute the present value of these future cash flows if the market interest rate is expected to remain at 5 % per year. (note: round your answer to the nearest cent, and do not include spaces, currency signs, plus or minus signs, or commas)