Problem 4-7 Calculating Present Values Imprudential, Incorporated, has an unfunded pension liability of $566 million that must be paid in 25 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 5.9 percent. what is the present value of this liability? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)

Problem 4.7 Calculating Present Values Imprudental. Incorporated, has an unfunded pension liability of $566million that must be paid in 25 years. To assess the value of the firm's stock. financial analysts Want to discount this liability back to the present, If the relevant discount rate is 59 percent what is the present value of this llability? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places. e.g.. 1,234,567.89.)