The present value of the contract is

$($Round to the nearest cent.$)$

(Present value of a complex stream) Don Draper has signed a contract that will pay him $551000 at the end of each year for the next 5 years, plus an additional $120,000 at the end of year 5 If B percent is the appropriate discount rate, what is the present value of this contract? The present value of the contract is $ (Round to the nearest cent)