Exercise 144 On January 1, 2017 Lance Co. issued five-year bonds with a face value of $580,000 and a stated interest rate of 12% payable semiannually on July 1 and January 1. The bonds were sold to yield 12%. Present value table factors are: Present value of 1 for 2 periods at 12% 0.79719 Present value of 1 for 2 periods at 12% 0.79719 Present value of 1 for 12 periods at 6% 0.49697 Present value of 1 for 4 periods at 6% 0.79209 Present value of an ordinary annuity of 1 for 2 periods at 12% 1.69005 Present value of an ordinary annuity of 1 for 2 periods at 12% 1.69005 Present value of an ordinary annuity of 1 for 12 periods at 6% 3.46511 Present value of an ordinary annuity of 1 for 4 periods at 6% 3.46511 Calculate the issue price of the bonds. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,582.) Issue price of bonds