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Crane Railroad Co. is about to issue $334,000 of 10 -year bonds paying an 10% interest rate, with interest payable annually. The discount rate for

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Crane Railroad Co. is about to issue $334,000 of 10 -year bonds paying an 10% interest rate, with interest payable annually. The discount rate for such securities is 8%. Click here to view the factor table. How much can Crane expect to receive for the sale of these bonds? (For calculation purposes, use 5 decimal places as displayed in the foctor table provided. Round answer to 0 decimal ploces, es. 2,525. Present value of bonds

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