Present Value of Bonds Payable; Premium Moss Co$.$ issued $\backslash (\backslash$$ $780,000\backslash )$ of five$-$year, $\backslash (13\backslash \%\backslash )$ bonds, with interest payable semiannually, at a market $($effective$)$ interest rate of $\backslash (11\backslash \%\backslash )$ Determine the present value of the bonds payable, using the present value tables in Exhibit $5$ and Exhibit $7.$ Round to the nearest dotlar.