3.5 Wilderness World (WW) plans to raise $95 million needed to pay bills by issuing new debt. To issue the debt, WW must pay its investment banker a fee equal to 4 percent of the total issue. The company estimates that other expenses associated with the issue will total $328,000. If the face value of each bond is $1,000, how many bonds must be issued so Wilderness receives $95 million after paying all issuing (flotation) costs? Assume that the firm cannot issue a fraction of a bond.

Round your answer to the nearest whole number.

bonds