Beaver Company will issue $2,500,000 in 6%, 6-year bonds when the market rate of interest is 8%. Interest is paid semiannually. Determine how much cash Beaver Company will realize from the bond issue. Present Value of Ordinary Annuity of Present Value of Annuity Due of $1 Present Value of $1 $1 Period 3% 8% 4 6 8 10 12 4% 6% 3% 4% 6% 8% 3% 4% 6% 8% 0.88849 0.85480 0.79209 0.73503 3.71710 3.62990 3.46511 3.31213 3.82861 3.77509 3.67301 3.57710 0.83748 0.79031 0.70496 0.63017 5.41719 5.24214 4.91732 4.62288 5.57971 5.45182 5.21236 4.99271 0.78941 0.73069 0.62741 0.54027 7.01969 6.73274 6.20979 5.74664 7.23028 7.00205 6.58238 6.20637 0.74409 0.67556 0.55839 0.46319 8.53020 8.11090 7.36009 6.71008 8.78611 8.43533 7.80169 7.24689 0.70138 0.62460 0.49697 0.39711 9.95400 9.38507 8.38384 7.53608 10.2526 9.76048 8.88687 8.13986 2 16 0.62317 0.53391 0.39365 0.29189 12.5611 11.6523 10.1059 8.85137 12.9379 12.1183 10.7122 9.55948 0 20 20 0.55368 0.45639 0.31180 0.21455 14.8774 7 0 13.5903 3 0 11.4699 2 4 9.81815 15.3238 0 9 14.1339 4 5 12.1581 2 10.6036 0 O $2,268,857 $2,260,017 O $2,328,974 O $2,265,380