Jenny Enterprises has just entered a lease agreement for a new manufacturing facility. Under the terms of the agreement, the company agreed to pay rent of $$14,500$ per month for the next $8$ years with the first payment due today. If the APR is $6\mathrm{.}96$ percent compounded monthly, what is the value of the payments today?

Multiple Choice

$$1,040,618\mathrm{.}44$

$$1,071,271\mathrm{.}70$

$$973,883\mathrm{.}36$