Hello, I need help with this problem. If anyone can please help me solve this step-by-step, that would be great.

Pharoah Inc. manufactures cycling equipment. Recently, the vice president of operations of the company 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 issaing $3,409,700 of 10% term corporate bonds on March 1, 2020, due on March 1, 2035, with interest payable each March 1 bind 5 eptember 1, with the first interest payment on September 1st. 2020. At the time of issuance, the market interest rate for similar financial instruments is 8% Click here to view factor tables As the controller of the company, determine the selling price of the bonds. (Round foctor voluer to 5 decimal places, eg. 125124 and final anzwer to 0 decimal ploces, es. 458,581] Selling price of the bonds $