Sean Corp. issued a \(\$ 40,000,10\)-year bond, with a stated rate of \(8 \%\), paid semiannually. How much cash will the bond investors receive at the end of the first interest period?

a. \(\$ 4,000\)

b. \(\$ 3,200\)

c. \(\$ 1,600\)

d. \(\$ 800\)