You recently learned that your late grandmother has left you an inheritance. Your inheritance will allow you to receive the amount of $$1400$ at the end of each year for a total of $11$ consecutive years. However, because of your young age, these amounts will not begin until the end of $5$ years. If the interest rate is $8\%,$ what is the equivalent present value of the inheritance?

$$7934\mathrm{.}00$

$$9994\mathrm{.}55$

$$15164\mathrm{.}36$

$$6802\mathrm{.}12$

$$7346\mathrm{.}29$