Suppose you are $40$ and have a $$35,000$ face amount, $10-$year, limited$-$payment, participating policy $($dividends will be used to build up the cash value of the policy$).$ Your annual premium is $$315.$ The cash value of the policy is expected to be $$1,400$ in $10$ years. Using time value of money and assuming you could invest your money elsewhere for a $6$ percent annual yield, calculate the net cost of insurance. Use Exhibit $1-$B$.($Do not round intermediate calculations. Round time value factor to $3$ decimal places and final answer to the nearest whole number.$)$

Net cost of insurance