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Dempsey Railroad Co. is about to issue $400.000 of 10 -year bonds paying an 11% interest rate, with interest payable annually. The discount rate for

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Dempsey Railroad Co. is about to issue $400.000 of 10 -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 Dempsey, expect to receive from the sale of these bonds? (Round answer to 0 decimal places, e.8. 2,575.) Dempsey, can expect to receive

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