Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of 385,000 due in 27 years. In otherwords, they will need 385,000 in 27

27 years. Toni Flanders, thecompany's CEO, is scrambling to discount the liability to the present to assist in valuing thefirm's stock. If the appropriate discount rate is 6

6 percent, what is the present value of theliability?

If the appropriate discount rate is 6 percent, the present value of the $385,000 liability due in 27 years is $. (Round to the nearestcent.)