A loan of $299,000$ is initially repaid through $25$ equal annual installments made at the end of each year at $4\%$ interest effective annually. Immediately after the $9$Th payment, the loan is renegotiated as follows:

The borrower will make $32$ equal semi$-$annual payments of X to repay the loan, with the first payment made four years from the date of renegotiation.

The interest rate is changed to $8\%$ compounded semi$-$annually. Calculate X$.$

A$.16,010$

B$.16,410$

C$.16,810$

D$.17,210$

E$.17,610$