Exercise 7-17 (Static) Bonds payable-calculate market value LO 7-8 On August 1, 2014, Bonnie purchased $40,000 of Huber Company's 10%,20 year bonds at face value. Huber Company has paid the semiannual interest due on the bonds regularly. On August 1, 2022, market rates of interest had fallen to 8%, and Bonnie is considering selling the bonds. Use the present value tables (Table 6-4 and Table 6-5) Required: Calculate the market value of Bonnie's bonds on August 1, 2022. Note: Round your PV factors to 4 decimal places. Do not round your intermediate calculations. Round your answer to 2 decimal places