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Kingbird Inc. issues $1,800,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of

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Kingbird Inc. issues $1,800,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 8%. Click here to view factor tables. What amount will Kingbird receive when it issues the bonds? (For calculotion purposes, use 5 decimal ploces as displayed in the foctor table provided and final answer to 0 decimal ploces es 458,581 .) Amount received by Kingbird when bonds were issued

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