A financial company that advertises on television will pay you $$58,000$ now for annual payments of $$9,000$ that you are expected to receive for a legal settlement over the next $10$ years. Use Exhibit $1-$D$.$

a$.$ What is the present value of the annual payments if you estimate the time value of money at $8$ percent? $($Round your PVA factor to $3$ decimal places and final answer to the nearest whole dollar.$)$