Crane Enterprises issued 4%, 8-year, $2,450,000 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2020, and are issued on that date. The discount rate of interest for such bonds on April 1, 2020, is 6%. Click here to view factor tables. What cash proceeds did Crane receive from issuance of the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to the nearest whole dollar, e.g. 5,275.)

Crane Enterprises issued 4%, 8-year, $2,450,000 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2020, and are issued on that date. The discount rate of interest for such bonds on April 1, 2020, is 6%. Click here to view factor tables. What cash proceeds did Crane receive from issuance of the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to the nearest whole dollar, e.g. 5,275.) Cash proceeds 2142334