LBJ Enterprises is issuing new bonds for a capital budgeting project. The bonds will have 22.00 year matunties with a coupon rate of 6.74% APR with semi-annual coupon payments (assume a face value of $1,000 on the bond). The current market rate for similar bonds is 9.38% APR. The company hopes to raise $34.50 million with the new issue. To raise the debt, how many bonds must the company issue? (round to two decimal places)