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A representative of a reputable financial services company has approached you as manager of a four$-$person group of anesthesiologists with an opportunity to purchase a $10-$year annuity due for each member of the group. The annuity due would pay $$40,000$ each year beginning $5$ years from now $($i$.$e$.,$ at time $=5).$ What is the most you would be willing to pay now, per each phisician, for this investment? Assume an appropriate discount rate of $7\%.$ Do not include unit of measurement $($$$)$ in your answer below.