Kirby Railroad Co. is about to issue $347,800 of 8-year bonds paying a 9% interest rate, with interest payable semiannually. The discount rate for such securities is 10%.

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

n this case, how much can Kirby expect to receive from the sale of these bonds? (Round answer to 2 decimal places, e.g. 25.25.)

Kirby can expect to receive $.........