On December $31,2024,$ Windsor Corporation signed a $5-$year, non$-$cancelable lease for a machine The terms of the lease called for Windsor to make annual payments of $$8\mathrm{.}092$ at the beginning of each year, star ting December $31,2024.$ The machine has an estimated useful life of $6$ years and a $$4,900$ unguaranteed residual value. The machine reverts back to the lessor at the end of the lease term. Windsor uses the straight$-$line method of depreciation for all of its plant assets. Windsor's incremental borrowing rate is $11\%,$ and the lessor's implicit rate is unknown.

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Compute the present value of the lease payments. $($For calculation purposes, use $5$ decimal ploces as displayed in the factor table prowided and round final answer to $0$ decimal places es$.5,275.$

Present value of the lease payments $