Boyle Technologies Ltd. commercialized the use of charge-couple-device (CCD), which forms the basis of imaging devices in digital cameras, bar code readers, and satellite surveillance technology. To finance the commercial manufacturing of CCD necessary to meet the increasing demand, the company decided to issue bonds. On October 1, it issued seven-year, semi-annual bonds with a contract rate of 9% and an effective interest rate of 9.30%. The discount on the bonds was $4,200,000, and Boyle Technologies realized proceeds from the issuance of the bonds in the amount of $275,800,000. Interest payments are made semi-annually on March 31 and September 30. (a1) Determine the face value of the bonds. Face Value of the Bonds $