Kirby Railroad Co. is about to issue $317,000 of 8-year bonds paying a 9% interest rate, with interest payable semiannually. The discount rate for such securities is 8%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Kirby expect to receive for the sale of these bonds? (Round answer to 2 decimal places, e.g. 25.25.)

Kirby can expect to receive $____________