(Use the chapter appendix to answer this problem) Ash Investment Company manages a broad portfolio with this composition:

	Par Value	Present Market Value	Years Remaining to Maturity
zero-coupon bonds	$200,000,000	$63,720,000	12
8% treasury bonds	$300,000,000	$290,000,000	8
11% corporate bonds	$400,000,000	$380,000,000	10
		$733,720,000

Ash expects that in four years, investors in the market will require an 8 percent return on the zero-coupon bonds, a 7 percent return on the Treasury bonds, and a 9 percent return on corporate bonds. Estimate the market value of the bond portfolio four years from now.