7. On January 1, 2016, Jason Company issued $5 million of 10-year bonds at a 10% coupon interest rate to be paid annually. The following present value factors have been provided: Time Period Interest PV of $1 PV of a $1 Annuity 10 10% .386 6.140 10 8% .463 6.710 10 12% .322 5.650 What was the issuance price of the bonds if the market rate of interest was 8%? A. $5,000,000. B. $5,670,000. C. $5,387,500. D. $5,712,500.