$4$ points

Explain what happens in the evaluate address phase of the following instruction. You must be clear and provide adequate detail for full credit. Assume that this instruction is loaded at address $5000.$ You must tailor your answer based on the instruction not just provide a general description.

Please do not use screenshots. Only typed answers will be accepted. No credit if screenshots or scanned handwritten answers are attached.

$1110111111111111$

DO NOT PROVIDE OTHER PHASES, ONLY THE PHASE SPECIFIED.