Everhart Company issues $25,000,000, 6%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 5%. 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 2.5% 3.0% 5.0% 6.0% .88385 .86261 .78353 .74726 | .78120 | .74409 .61391 .55839 4.64583 4.57971 4.32948 | 4.21236 | 8.75206 | 8.53020 | 7.72173 | 7.36009 Required: Calculate the proceeds from the bond issue