Waterway Industries is about to issue $$318,000$ of $10-$year bonds paying an $12\%$ interest rate, with interest payable annually. The discount rate for such securities is $8\%.$

Click here to view the factor table $1.$

Table $2$

Table $3$

Table $4$

How much can Waterway expect to receive for 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 $ $$