When Sheridan Corp. issued its $60-$day commercial paper, the promised yield was $11\mathrm{.}9$ percent, whereas the $60-$day T$-$bill yield was $6\mathrm{.}2$ percent. There is a $1-$percent chance that Sheridan will default on this debt. If investors were willing to pay the full par$-$value amount $)$ to purchase the paper, how much do they expect to recover in the event of a default? $($Round intermediate calculations to $4$ decimal places, e$.$g$.0\mathrm{.}4235$ and final answer to $2$ decimal places, e$.$g$.5,275\mathrm{.}75.)$

Expected recovery $