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Crane Railroad Co. is about to issue $140,000 of 10 -year bonds that pay a 6.00% annual interest rate, with interest payable semiannually. The market

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Crane Railroad Co. is about to issue $140,000 of 10 -year bonds that pay a 6.00% annual interest rate, with interest payable semiannually. The market interest rate is 8%. How much can Crane expect to receive for the sale of these bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.g. 5,275.25.) Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1

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