Marin Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. After a careful evaluation of the requestthe board of directors has decided to raise funds for the new plant by issuing $ 3,205,500 of 10% term corporate bonds on March 1, 2020, due on March 1,2035, with interest payable each Match i and September 1, with the first interest payment on September 1st, 2020. At the time of issuance. the market interest rate for similar financial instruments is 8%. Click here to view factor tables As the controller of the company determine the selling price of the bonds (Round factor values to 5 decimal places, c.8. 1.25124 and final answer to decimal places, es 458,581.) Selling price of the bonds $