Monty 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 request, the board of directors has decided to raise funds for the new plant by issuing $$3,409,700$ of $10\%$ term corporate bonds on March $1,2025,$ due on March $1,2040,$ with interest payable each March $1$ and September $1.$ 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, eg$.1\mathrm{.}25124$ and final answer to O decimal places, eg$.458,581)$Selling price of the bonds$R$4$