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January 1st of 2019 The Richard Pryor Company Prvon purchased $18.000 in Plant Property & Equipment (PPRE The company plans on funding this amount by

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January 1st of 2019 The Richard Pryor Company Prvon purchased $18.000 in Plant Property & Equipment (PPRE The company plans on funding this amount by the sale of 5-verbonds. The interest will be paid semi-annualune 30 and December 31) and the coupon rate is 12.0. Just before the bonds were issued, the Federal Reserve made an announcement that changed interest rates, making the market rate for Pryor's bonds 10.02. How much cash will Pryor collect when it issues the bonds? [Round to the nearest dollar 514,112 $15,271 $18.000 519,389

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