A hot air balloon holds 7.40 x 107 liters of gas. In order for the hot air balloon to rise into the sky, it must be heated to 120°C. Once the balloon is up in the air, the air needs to be cooled in order for the balloon to land. If the temperature of the balloon is decreased to 40.0°C, what will the new volume of the gas be?

Remember to pay close attention to the units of temperature before beginning your calculations.