A business is planning to issue 8%, 6-year bonds with a par value of $520,000 on January 1 of the current year. The bonds pay semiannual interest on June 30 and December 31. Assuming the market rate for the bonds on the issue date is 6%, compute the total cash proceeds from the bond issue. Note: Use factor(s) from tables provided. Round "Table value" to 4 decimals and final answer to the nearest whole dollar. (PV of $1 FV of $1, PVA of $1, and EVA of $1) 2:29 Table Values are Based on: n = 1 = Cash Flow Table Value Amount Present Value Present (maturity) value Interest (annuity) Total cash proceeds