b. Tomtech Corporation issued bonds in the amount of $4,000,000 that will be paid in eight years. Interest of $160,000 is payable semiannually each June 30 and December 31 with the first interest payment at the end of the first period on June 30, 2019 If the market rate of interest is 6%, what is the amount of the bond issue proceeds? (Use the present value and future vakre tables, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, XxxxXx Round your final answer to the nearest cent, SX XX ) The bond issue proceeds are Enter any number in the edit fields and then click Check Answer All parts showing Clear All Check Answer Type here to search 5:16 PM 10/19/2019