In January 1, 2021, Pepper Inc. issued eight-year bonds with a stated value of $6,000,000 and a coupon rate of 6%. Interst is payable semiannually on June 30 and December 31. The bonds have a yield 8%. The values from the tables are: Present value of 1 for 8 periods at 6% .627 Present value of 1 for 8 periods at 8% .540 Present value of 1 for 16 periods at 3% .623 Present value of 1 for 16 periods at 4%.534 Present value of annuity for 8 periods at 6% 6.210 Present value of annuity for 8 periods at 8% 5.747 Present value of annuity for 16 periods at 3% 12.561 Present value of annuity for 16 periods at 4% 11.652 The present value of the interest is $2,235,600. $2,068,920. $2,260,980. $2,097,360