What is the present value of saving $$47,000$ each year for the next seven years if the appropriate discount rate is $7\mathrm{.}4$ percent? $($Do not round intermediate calculations and round your answer to the nearest dollar. Assume cash flows occur at the end of each period.$)$

$02$:$53$:$29$

Multiple Choice

$$252,416$

$$249,802$

$$236,713$

$$261,142$

$$242,390$