Bond X is noncallable and has $20$ years to maturity, a $7\%$ annual coupon, and a $$1,000$ par value. Your required return on Bond $x$ is $12\%$; if you buy it$,$ you plan to hold it for $5$

years. You $($and the market$)$ have expectations that in $5$ years, the yield to maturity on a $15-$year bond with similar risk will be $10\%.$ How much should you be willing to pay for Bond

X today? $($Hint: You will need to know how much the bond will be worth at the end of $5$ years.$)$ Do not round intermediate calculations. Round your answer to the nearest cent.