Northern Warehouses wants to raise $11.4 million to expand its business. To accomplish this, it plans to sell 40-year, $1,000 face value, zero-coupon bonds. The bonds will be priced to have a yield to maturity of 7.47 percent. What is the number of bonds it must sell to raise the $11.4 million it needs? Assume semiannual compounding. A. 49,422 B. 187,942 C. 203,421 D. 214,254 E. 3,629,817