Today is John's $57$th birthday and he has served $14$ years for his firm. John is expected to retire on his $65$th birthday. His firm expects to incur $$5,000$ of annual net health care claims costs for John beginning one year after his retirement date and continuing each year for a total of seven years $($assume seven end of year payments in all$).$ To be fully eligible for these benefits, John must work $20$ years. Calculate the expected post$-$retirement benefit obligation for John today if the discount rate is $8\%.$

Question $32$ options:

$$15,244$

$$12,322$

$$18,916$

$$14,064$