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Crane Company is about to issue $ 4 4 0 0 0 of 1 0 - year bonds paying an 9 % interest rate, with

Crane Company is about to issue $44000 of 10-year bonds paying an 9% interest rate, with interest payable annually. The discount rate for such securities is 10%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Crane expect to receive for the sale of these bonds? (Round answer to 0 decimal places, e.g.2,575.) Crane can expect to receive $

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