$($Related to Checkpoint $5\mathrm{.}4)($Present value$)$ Ronen Consulting has just realized an accounting error that has resulted

in an unfunded liability of $$380,000$ due in $25$ years. In other words, they will need $$380,000$ in $25$ years. Toni Flanders,

the company's CEO, is scrambling to discount the liability to the present to assist in valuing the firm's stock. If the

appropriate discount rate is $9$ percent, what is the present value of the liability?

If the appropriate discount rate is $9$ percent, the present value of the $$380,000$ liability due in $25$ years is $

$($Round

to the nearest cent.$)$