The owners of Bardoza Greeting Cards wish to introduce a new line of cards but need to raise \(\$ 200,000\) to do it. They decide to issue 10 -year bonds with a contract rate of \(6 \%\) paid semiannually. This means Bardoza must make interest payments to the bondholders each 6 months for 10 years. They also set up a sinking fund paying \(2 \%\) interest compounded semiannually. How much money will they need to make the semiannual interest payments as well as payments to the sinking fund?