Consider a corporation who recently filed Chapter $11$ bankruptcy $($reorganization$).$ Under the reorganization, the company has been allowed to reorganize their debt structure with a consolidated new deferral bond issue with more favorable terms. The new issue will be a $27-$year, $9\%$ coupon rate bond with semiannual coupons. However, under the bond indenture, the company is relieved of making interest payments $($deferred interest$)$ for the first $7$ years. The reorganization calls for the deferred interest to be paid in a single payment at maturity. Investors are demanding a yield to maturity of $8\%.$

What is the value of a new $$1,000$ par value bond?