LBJ Enterprises is issuing new bonds for a capital budgeting project. The bonds will have 23.00 year maturities with a coupon rate of 6.88% APR with semi-annual coupon payments (assume a face value of $1,000 on the bond). The current market rate for similar bonds is 8.04% APR. The company hopes to raise $32.00 million with the new issue. To raise the debt, how many bonds must the company issue? (round to two decimal places) 8 Submit Answer format: Number: Round to: 2 decimal places. Show Hint