What is the present value of an ordinary annuity that pays $$4,700$ per year for $10$ years, assuming the annual discount rate is $11$ percent?

$$16,552\mathrm{.}67$

$$27,679\mathrm{.}39$

$$30,724\mathrm{.}12$

$$1,655\mathrm{.}27$

$$42,342\mathrm{.}34$