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Imprudential, Incorporated, has an unfunded pension liability of $ 7 6 8 million that must be pald in 1 5 years. To assess the value

Imprudential, Incorporated, has an unfunded pension liability of $768 million that must be pald in 15 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 7 percent, what is the present value of this llability?
Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g.1,234,567.89.
\table[[Present value,$,278,409,885,73
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