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

$$3492700$ of $10\%$ 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 $8\%.$As the controller of the company, determine the selling price of

the bonds.Selling price of the Bonds: $