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Imprudential, Inc., has an unfunded pension liability of $568 million that must be paid in 15 years. To assess the value of the firms stock,

Imprudential, Inc., has an unfunded pension liability of $568 million that must be paid in 15 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 6.1 percent, what is the present value of this liability?(Enter your answer in dollars not inmillions, e.g., 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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