When Marilyn Monroe died, ex$-$husband Joe DiMaggio vowed to place fresh flowers on

her grave every Sunday as long as he lived. The week after she died in $1962,$ a bunch of

fresh flowers that the former baseball player thought appropriate for the star cost about

$$8.$ Based on actuarial tables, "Joltin' Joe" could expect to live for $15$ years after the

actress died. Assume that the EAR is $8\mathrm{.}3$ percent. Also, assume that the price of the

flowers will increase at $3\mathrm{.}5$ percent per year, when expressed as an EAR. Assume that

each year has exactly $52$ weeks and Joe began purchasing flowers the week after

Marilyn died. What is the present value of this commitment? $($Do not round intermediate

calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Present value