Jack needs to capture a return of $8\mathrm{.}4$ per cent for his one$-$year investment in a property. He believes that he can

sell the property at the end of the year for $$680,000$ and that the property will provide him with rental income of

$$20,000.$ What is the maximum amount that Jack should be willing to pay for the property? $($to the nearest dollar;

don't use $ sign or commas$)$

Answer: