Fourteen company issues $10,000,000 of 8% bonds on January 1, 2015. The bonds pay interest on June 30 and December 31, mature on December 31 2024 and are callable at 102. on the issue date, bonds of similar risk and maturity yielded 7%. Fourteen Company called the bonds on January 01,2017. Fourteen Company accounts for bonds using the effective interest method. Determine the selling price of the bonds.