Lawrence Mugwena Inc. needs to raise R$40000000$ in order to expand the business. The company plans to sell $20-$year zero$-$coupon bonds at a

nominal value of R$10000.$ The bonds are priced at $8\%$ yield.

Required:

Calculate the number of bonds Zuma Ltd will have to sell to reach R$40000000.$ Show all workings. $(6$ Marks$)$