Siegfried Basset is $65$ years of age and has a life expectancy of $12$ more years. He wishes to invest $$24,000$ in an annuity that will make a level payment at the end of each year until his death. If the interest rate is $10\mathrm{.}0\%,$ what income can Mr$.$ Basset expect to receive each year?

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.