Ten years ago, The HighTop Co issued $$5$ million in preferred shares with a par value of $$50$ each and an annual dividend rate of $3\mathrm{.}5\%.$The market value of these preferred shares is $\_\_\_\_\_\_\_\_\_\_\_\_$ if the required rate of return is $8\%.$

A$)$ $$11\mathrm{.}43$ million

B$)$ $$7\mathrm{.}30$ million

C$)$ $$5\mathrm{.}00$ million

D$)$ $$2\mathrm{.}19$ million