$($b$)$

Sandhill's Candle Company signed a $21-$year lease that requires annual payments of $$6,500$ at the beginning of each year.

Assuming an annual interest rate of $9\mathrm{.}0\%,$ what is the present value of the lease payments? $($Do not round intermediate calculations.

Round final answer to $2$ decimal places, e$.$g$.458,581\mathrm{.}25.)$

Present value $

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