(Related to Checkpoint 5.4) (Present value) Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of S380,000 due in 29 years in other words, they will need $380,000 in 29 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 8 percent, what is the present value of the liability? the appropriate discount rate is 8 percent, the present value of the $380,000 iability due in 29 years is $. (Round to the nearest cent.)