In $2024,$ Headland Enterprises negotiated and closed a long$-$term lease contract for newly constructed truck terminals and freight storage facilities. The buildings were constructed on land owned by the company. On January $1,2025,$ Headland took possession of the leased property. The $20-$year lease is effective for the period January $1,2025,$ through December $31,2044.$ Advance rental payments of $$818,000$ are payable to the lessor $($owner of facilities$)$ on January $1$ of each of the first $10$ years of the lease term. Advance payments of $$397,000$ are due on January $1$ for each of the last $10$ years of the lease term. Headland has an option to purchase all the leased facilities for $$1$ on December $31,2044.$ At the time the lease was negotiated, the fair value of the truck terminals and freight storage facilities was approximately $$6,913,000.$ If the company had borrowed the money to purchase the facilities, it would have had to pay $11\%$ interest.

Compute the present value of lease vs purchase. $($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answer to $0$ decimal places, e$.$g$.458,581.)$

$\backslash$table$[[,$Lease,Purchase$],[$Present value,$$,$$