An investment opportunity requires a payment of $$590$ for $12$ years, starting a year from today. If your required rate of return is $5\mathrm{.}50$ percent, what is the value of the investment to you today? $($Round factor values to $4$ decimal places, e$.$g$.1\mathrm{.}2514$ and final answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Present value of investment