Massers Company is issuing long$-$term bonds to raise money for a planned acquisition. The face value of the bonds is $$10,000,000.$ The stated interest rate is $8\%$ payable semiannually for the $10-$year term. The current market rate for similar bonds is $10\%.$ What amount of proceeds will Massers receive from this bond issue? If needed, you can access the interest tables here.

$$10,000,000$

$$8,753,779$

$$11,359,065$

$$11,951,190$