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Sheridan Company is about to issue $330,000 of 10-year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities

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Sheridan Company is about to issue $330,000 of 10-year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 12%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) In this case, how much can Sheridan expect to receive from the sale of these bonds? (Round answer to O decimal places, eg. 2,575.) Sheridan can expect to receive $

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