3. Hard Spun Industries (HSI) a project that it expects will produce a cash flow of $3.5 million in 13 years. To finance the project, the company needs to borrow $2.0 million today. The project will also produce intermediate cash flows of $200,000 per year that HSI can use service coupon payments of $100,000 every six months. Based on the risk of this investment, market participants will require a 10.5% yield. If HSI wishes a maturity of 13 years (matching the arrival of the lump sum cash flow), what does the face value of the bond have to be? Recall that the compounding interval is 6 months and the YTM, like all interest rates, is on an annualized basis. Enter just the number dollars without the $ sign or a comma and round off decimals to the closest integer, i.e., rounding $30.49 down to $30 and rounding $30.50 up to $31.)