The purpose of this calculation question is for you to compute the fair value of the financial liabilities of Hue Company. Hue Company has only 1 financial liability. It is a non-callable publicly traded bond. Here are your facts to input into this question: Maturity value of the bond = $260,000,000 Coupon Rate for the bond is 5.38% paid semi-annually. Bond matures on the last day of the firm’s financial year. Last Financial Year end – the yield to maturity was 4.80% based on periodic compounding (not EAR) Last Financial Year end – bond had exactly 18 years to maturity This Year Financial Year end – the yield to maturity demanded by the market is 4.30% (based on doubling the periodic rate) Required: Compute the fair value of the bond to be reported on this year’s balance sheet. Round to the nearest dollar and do NOT include the dollar sign in your response.