Oriole Company issues a $10\%,5-$year mortgage note on January $1,2027,$ to obtain financing for new equipment. Land is used as collateral for the note. The terms provide for semiannual installment payments of $$45,400.$

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What are the cash proceeds received from the issuance of the note? $($For calculation purposes, use $5$ decimal places as displayed in the factor table provided, eg$.5\mathrm{.}24571.$ Round answer to $2$ decimal places, eg$.25\mathrm{.}25.)$

Oriole Company should receive

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