Waterway Industries is about to issue $$296,000$ of $6-$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 $1.$

Table $2$

Table $3$

Table $4$

How much can Waterway expect to receive from the sale of these bonds? $($For calculation purposes, use $5$ decimal places as displayed in the factor table provided, e$.$g$.5\mathrm{.}25471.$ Round answer to $0$ decimal places, e$.$g$.2,525.)$

Waterway can expect to receive $ $$