Crane Company is about to issue $280,000 of 10-year bonds paying an 8% interest rate, with interest payable annually. The discount rate for such securities is 9%.

Your answer is incorrect. Crane Company is about to issue $280,000 of 10-year bonds paying an 8% interest rate, with interest payable annually. The discount rate for such securities is 9%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) In this case, how much can Crane expect to receive from the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,575.) Crane can expect to receive $