Cox Media Corporation pays a coupon rate of 11 percent on debentures that are due in 25 years. The current yield to maturity on bonds of similar risk is 12 percent. The bonds are currently callable at $900. The theoretical value of the bonds will be equal to the present value of the expected cash flow from the bonds. UseAppendix BandAppendix Dfor an approximate answer but calculate your final answer using the formula and financial calculator methods.