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(Pnsent valuo) Rionen Consulting has just realied an acoounting erroe that has resulted in an unfunded labilty of $370,000 due in 22 years. Toni Flanders,

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(Pnsent valuo) Rionen Consulting has just realied an acoounting erroe that has resulted in an unfunded labilty of $370,000 due in 22 years. Toni Flanders, the company's CEO, is scrambling to discount the liability to the present to assist in valuing the fem's stock. If the appropriafe discount rate is 8 percent, what is the present value of the libilif? The present value of the fiabiliy is 5 (Round to the nearest cent.)

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