Apple Music is going buy the Beyonce music catalogue. Apple will receive $$50$ million in royalty payments one year from today. Also, it will receive get $$55$ million payments each year starting at the end of year $3$ for a total of $25$ payments. At the end of $31$ years, it receives a final $$275\mathrm{.}49$ million payment. Assume a discount rate of $8\%$ and annual compounding. What is the present value today of this purchase contract? Use the $ symbol and round to the nearest million. Hint: should be a round number between $$100$ and $$950.$ Just write the $ and $3$ digit number $....$not the mm or millions$)$