Imprudential, Incorporated, has an unfunded pension liability of $430,000 that must be paid in 10 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 5.6 percent, what is the present value of this liability? (Round your answer to TWO decimal places.) Fill in the blank

Imprudential, Incorporated, has an unfunded pension liability of $430,000 that must be paid in 10 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 5.6 percent what is the present value of this liability? (Round your answer to TwO decimal places) Fill in the blank