Crane Railroad Co. is about to issue $326,000 of 8-year bonds paying an 11% interest rate, with interest payable

annually. The discount rate for such securities is 12%.

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 O decimal

places, e.g. 2,525.)

Crane can expect to receive

Crane Railroad Co. is about to issue $326,000 of 8 -year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 12%. Ciick here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor toble 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. 2,525.) Crane can expect to recelve $