Sandhill Railroad Co. is about to issue $252,000 of 7-year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 12%. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) In this case, how much can Sandhill expect to receive from the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,525.)

Sandhill can expect to receive