Jiaxing Energy Co. is seeking financing for a new construction project. Construction is set to begin on January 1,2022 . You are the head of a consulting advisory team hired by the company's Board of Directors to analyze and recommend the best financing arrangement for the project. Your team has narrowed down the choices to the following alternatives: Financing Alternative A (Initiation Date: January 1, 2022): Raise the required amount from a new bond issue. The bond will have a face value of $19,219.86, a coupon rate of 9% per annum, payable semiannually, and a maturity period of 5 years. The market interest rate is 8% per annum. Financing Alternative B (Initiation Date: January 1, 2022): The No. 1 First National Bank of Arkansas has offered to fund the project in a financing deal that would require Jiaxing Co. to make a single payment of $35,816.62 at the end of five years on December 31,2026 . This transaction's implied effective market interest rate is 12% per annum, compounded semiannually. Part B. Financing Alternative B (Show all supporting calculations) i. Determine the book value of the liability associated with Financing Alternative B at the beginning of year 1 , and round your final answer to the nearest thousand. ii. Determine the bond interest expense for year 1 in Financing Alternative B. Round your answers to the nearest thousand. iii. Determine the book value of the liability associated with Financing Alternative B at the end of year 1 , and round your final answer to the nearest thousand