The Atlanta Braves have signed a backup infielder this off$-$season to a two$-$year deal. The contract calls for a signing bonus of $$55,100\mathrm{.}00$ today, with the salary in the first year to be $$392,000\mathrm{.}00,$ and the salary in the second year of $$485,900\mathrm{.}00.$ The team has a discount rate of $6\mathrm{.}89\%$ per year. What is the present value of this contract today?