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Imprudential, Inc. has an unfunded pension liability of $544 million that must be paid in 13 years. To assess the value of the firms stock,

Imprudential, Inc. has an unfunded pension liability of $544 million that must be paid in 13 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 6.3 percent, what is the present value of this liability? (Round time value factors to 6 decimal places and answer to the nearest dollar amount.

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