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Imprudential, Inc. has an unfunded pension liability of $440 million that must be paid in 16 years. To assess the value of the firms stock,

Imprudential, Inc. has an unfunded pension liability of $440 million that must be paid in 16 years. To assess the value of the firms stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 6.8 percent, what is the present value of this liability? (Round time value factors to 6 decimal places and final answer to the nearest dollar amount.)

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