Morgan Jennings, a geography professor, invests $$85,000$ in a parcel of land that is expected to increase in value by $14$ percent per year for the next five years. He will take the proceeds and provide himself with a $20-$year annuity.

Assuming a $14$ percent interest rate, how much will this annuity be$?($Do not round intermediate calculations. Round your final answer to $2$ decimal places.$)$