Carla 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

bikes. After a careful evaluation of the request, the board of

directors has decided to raise funds for the new plant by issuing $

$3,151400$ of $7\%$ 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 $1$st$,2020.$ 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 factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and

final answer to $0$ decimal places, e$.$g$.458,581.)$