Ivanhoe Company is about to issue $298,700 of 6-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities is 8%.

(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

How much can Ivanhoe expect to receive for the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,525.)