Guv-Mint Bales needs to raise $1,200,000,000 (1.2 Billion) in new debt to finance its survival. The debt will be priced at a yield to maturity of 6.48%. These will be 30 year bonds with a coupon rate set at 5% to be paid annually. The investment bankers are charging a flotation cost of 2.50%. Bonds will have a face value of $1,000 per bond. Compute the number of bonds to be issued and round to the second decimal place.