$($Present value of a complex stream$)$ Don Draper has signed a contract that will pay him $$50,000$ at the end of each year for the next $5$ years, plus an additional $$130,000$ at the end of year $5.$ If $7$ percent is the appropriate discount rate, what is the present value of this contract?

The present value of the contract is $

$($Round to the nearest cent.$)$