Problem $5-10$ Calculating Present Values $[$LO$2]$

Imprudential, Incorporated, has an unfunded pension liability of $$579$ million that must be paid in $25$ years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is $7\mathrm{.}2$ percent, what is the present value of this liability? $($Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89)$

Present value