Pharoah Company is about to issue $448,000 of 7-year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 10%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Pharoah expect to receive for the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,575.)

Pharoah can expect to receive

$enter a dollar amount to be recieved for the sale of bonds rounded to 0 decimal places