PHI Inc needs to raise capital. They are trying to offer a standard face value corporate bond but with coupon payments of $$700$ payable once every $5$ years. The annuity lasts for exactly $50$ years with the last payment of coupon and principal occurring at the end of year $50.$ The first payment is made at the end of year five. Assume the annual required return is $11\%.$ How much money can they raise today by issuing this bond?