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Suppose that the Atlanta Falcons decide to fund part of their new stadium with 25.00-year zero coupon bonds. The team wants to raise $213.00 million

Suppose that the Atlanta Falcons decide to fund part of their new stadium with 25.00-year zero coupon bonds. The team wants to raise $213.00 million with this bond issue. If investors seek a return of 6.75% on this investment, what face value will Mr. Blank have to put on the bonds? (express answer in terms of millions, so 1,000,000 would be 1.0)

Round to: 2 decimal places.

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