The farmer believes that the guidance system will add the value of improved farming, more uniform treatments, less driver skill needed and extended hours of operation. He believes improved yields and reduction in operating costs will increase his profits by $$950$ per year. He plans to keep the Guidance system for $12$ years. At the end of $12$ years he believes he can sell it for $$400.$

$($i$)$ Calculate the market value of this investment if the market rate of return on comparable investments is $9\%$