Good Form Required Inc. (GFRI) manufactures cycling equipment. The vice president of Operations has requested construction of a new plant to meet the increasing demand for the company's bikes. After a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $2 million of 11% term corporate bonds on March 1, 2022 due March 1 2036 with interest payable each March 1 and September 2. At the time it issuance, the market interest rate for similar financial instruments was 10% In good form, calculate the selling price of the bonds. Do not use Excel or a Financial Calculator. Present value table for your use. INFO 400 000000 GOGO do . 100 7579 6011 5051 3878 0.00022000200120 0.04 NO 06381 33033870 207510070183 00050 3158 23 02106 1450 2007002 155 3500 029590250202120079900528 10 5703 6746 3000 27952317 41835 03 Dot 0310 5730 5537 0.3789 258101214601784 1.486 01124001037 Press Factors of Any 54 3 99 TO 114 30 sed 09709 9515 9524 0.9434 345 09259 091709091 090090.8929 2 1.9704 19016 1 9535 15861 19594 8080 1.7833 1.7591 17355 17125 16901 3 29410 2. 2.820 2.7751 27232 2.5730 2.5263 2577125313 2.4868 2.443724018 329020 35077 37171 3.6299 35450 31551 3 3872 3.31213.2397 3.1699 3.1024 3.0373 3534 4.7135 45797 4.6518 42124 1002 3.9927 3.8897 3.7908 3.5950 3.6040 5.7950 5.5014 5.4172 5:2421 50757 49173 47865 48229 44859 3583 2305 2 5.7282 6.6720 2300 80021 5.7854 5.5824 5:38 5 2054 5.0330 49684 4.71225838 7.6517 7 3255 7 0197 6.7327 5.4632 520se 5.9713 5.7466 5.5348 5.3349 5.1461 4.9675 8.5000 8.1622 7.7661 7.4353 7. 1078 8.2017 8.5152 5.2469 5.9952 5.7590 5.5370 5.3282 10 4713 8.9825 8.5302 8.1109 7.7217 73601 7.0236 6.7101 8.4177 6.1448 5.8892 5.6502 11 10.3070 9.7858 9.2526 8.7505 8.3054 7.8859 7.4987 7.1390 6.8052 5.4951 5.2065 5.9377 12 112551 10.5753 9.9540 9.3951 8.8833 8 3838 7.9427 75361 71507 88137 84924 8.1944 13 121337 11.3484 10.6350 9.9856 9.3935 8.8527 83577 79038 7.48697.1034 6.7499 8.4235 14 13.0037 12.1062 11 2901 10 5631 9.8986 9.2950 8.74558.2442 7786273667 6.9819 6.8282 15 13.8651 12.8493 11.9379 11.1184 10.3797 9.7122 9.1079 8.5595 8.0607 7.6061 7.1909 8.8109 16 14.7159 13.5777 12.5611 11.5523 10.8378 101059 9.4456 8.8514 8 3126 78237 73792 6.9740 17 15.5623 14 2919 13.1661 12.1657 11.2741 10.4773 9.7832 9.1216 8.5438 8.02.18 7.5488 7.1196 18 16.3983 14.9920 13.7535 12 5593 11 6896 10.8276 10.059193719 8.7556 8.2014 7.7016 72497 19 17 2250 15.6785 143238 13. 1339 12 0853 11.1581 10.3356 9.6036 8.9501 8.364978393 73658 20 18.0456 16:3514 14.8775 13.5903 12.4622 11.4699 10.50-40 9.8181 9.1285 8.513679633 74694