A business is planning to issue $8\%,6-$year bonds with a par value of $$550,000$ on January $1$ of the current year. The bonds pay semiannual interest on June $30$ and December $31.$ Assuming the market rate for the bonds on the issue date is $6\%,$ compute the total cash proceeds from the bond issue.

Note: Use factor$($s$)$ from tables provided. Round "Table value" to $4$ decimals and final answer to the nearest whole dollar. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$