Woody Lightyear is considering the purchase of a toy store from Andy Enterprises. Woody expects the store will generate net cash

flows $($cash inflows less cash outflows$)$ of $$47,000$ per year for $20$ years. At the end of the $20$ years, he intends to sell the store for

$$470,000.$ To finance the purchase, Woody will borrow using a $20-$year note that requires $9\%$ interest. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$

and PVA of $$1)($Use tables, Excel, or a financial calculator. Round your answer to $2$ decimal places.$)$

Required:

What is the maximum amount Woody should offer Andy for the toy store? $($Assume all cash flows occur at the end of each year.$)$