Your answer is incorrect. Try again. Last year the company exchanged a piece of land for a non-interest-bearing note. The note is to be paid at the rate of $16,500 per year for 8 years, beginning one year from the date of disposal of the land. An appropriate rate of interest for the note was 11%. At the time the land was originally purchased, it cost $88,400 What is the fair value of the note? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) The fair value of the note 123270 LINK TO TEXT LINK TO TEXT