Chester Inc. will launch a new project. This project will generate a $7-$year annuity of fourteen $$5000$ semi$-$annual cash inflows. The first cash flow will occur $4\mathrm{.}5$ years from now. The discount rate used to evaluate this project is $7\%$ compounded semi$-$annually. What is the present value today of these cash flows generated by the new project? Answer to the nearest cent $(2$ decimal places$)$ and do not include the $ sign.

WHEN YOU ANSWER THIS PLEASE SHOW a time line!! if you do i will give thumbs up$...$ please just answer this question if you will draw a time line.