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Cullumber Enterprises issued 10%, 8-year, $2,750,000 par value bonds that pay interest annually on April 1. The bonds are dated April 1. 2022, and are

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Cullumber Enterprises issued 10\%, 8-year, $2,750,000 par value bonds that pay interest annually on April 1. The bonds are dated April 1. 2022, and are issued on that date. The discount rate of interest for such bends on April 1, 2022, is 12\%. Click bere to view the factor table: (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What cash proceeds did Cutlumber receive trom issuance of the bonds? (Round answer to 0 decimal places, e.3. 125.) Cash proceeds from issuance of the bonds

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