Blossom Cars Co. issued $1.60 million of 5%, 5-year bonds on January 1, 2024. The bonds were dated January 1 and pay in Arest annually. The bonds are secured with real estate holdings. The market interest rate was 4% for these bonds. Blossom has a calendar year end. Please calculate the price of the bonds. Use Present Value of ordinary annuity table for PVAF value and Present table value for PVF value. Urgent!