Elsa Corporation issues $4,000,000, 6%, 5-year bonds dated January 1, 2014 on January 1, 2014. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 5%. What are the proceeds from the bond issue? 2.5% 3.0% 5.0% 6.0% Present value of a single sum for 5 periods Present value of a single sum for 10 periods Present value of an annuity for 5 periods Present value of an annuity for 10 periods 88385 86261 78353 74726 78120 74409 61391 .55839 4.64583 4.57971 4.32948 4.21236 8.75206 8.53020 7.72173 7.36009 $4,000,000 $4,173,195 $4,175,047 O $4,173,847 QUESTION 5 Farmer Company issues $25,000,000 of 10-year, 9% bonds on March 31, 2014 at 97 plus accrued interest. The bonds are dated January 1, 2014, and pay interest on June 30 and December 31 What is the total cash received on the issue date?