Ayayai Inc, manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bilkes. After a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $3,454,800 of 11% term corporate bonds on March 1, 2020, due on March 1,2035, with interest payable each March 1 and September 1. with the first interest payment on September 1st, 2020. At the time of issuance, the market interest rate for similar financial instruments is 10%. Click here to view factor tables As the controller of the company, determine the selling price of the bonds, (Round foctor values to 5 decimol ploces, eg. 1.25124 and final answer to 0 decimol places, es. 458,581.) Selling price of the bonds =$