(Present value of a complex stream) Don Draper has syned a contract that wit pay hem \\( \\$ 70,000 \\) at the end of each yoar for the next 5 years, plus an additonal \\( \\$ 130,000 \\) at the end of year 5 . If 8 percent is the approghate discount rate, what is the present valuo of this contract? The present value of the contract is 1 (Round to the newest cont)