Delphi, Inc. issued $4.5 million face value bonds on April 1, 2006. These bonds have a stated rate of 8.49% and mature on March 31, 2011. Coupon payment dates are September 30 and March 31 of each year. Delphi uses the effective interest method and also had to pay $80,000 for bond issue costs on 4/1/06. Delphi's fiscal year ends March 31 of each year. Here is part of amortization schedule for these bonds. What is the PV of the bond?