A company uses a discount rate of $8\%.$ What is the present value $($to the nearest dollar$)$ of a $5-$year project given the six cash flows reported in the following below?

$\backslash$table$[[\backslash$table$[[$Cost to$],[$Purchase$],[$today$]],$CF Yr $1,$CF Yr $2,$CF Yr $3,$CF Yr $4,$CF Yr $5],[-$$$1,000,$$$300,$$$400,$$$500,$$$600,$$$700$