User Company leased computer equipment from Owner Company on January $1$ of Year $1.$ The terms of the lease require annual payments of $$8,000$ for five years with the first payment being made on the lease signing date $($January $1$ of Year $1)$the four subsequent lease payments are made on January $1$ of each subsequent year. The interest rate used in computing the lease payments is $7\%$ compounded annually. As of January $1$ of Year $1,$ what is the estimated value of the leased computer equipment as evidenced by the present value of the $5$ lease payments? Note: Don$$t forget the first lease payment which is made immediately.

$$35,849\mathrm{.}29$

$$30,343\mathrm{.}14$

$$45,343\mathrm{.}56$

$$35,097\mathrm{.}69$