sunland can expect to receive

Sunland Company is about to issue $450,000 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 Sunland expect to receive from the sale of these bonds? (Round answer to decimal places, es, 2,575.) Sunland can expect to receive $