Fly Corporation issued a $ 4,000,000, 8%, 6 years convertible bonds on 1/1/2020. The bonds were issued at 97 and pay interest semiannually, on July 1, and January 1 of every year. Required: Colculate the total financing (borrowing) cost for the company. (Note: write your answer as a number only, with No dollar signs or commas)