On August 1, 2008, Bonnie purchased exist16, 500 of Huber Co.'s 14%, 15-year bonds at face value. Huber Co. has paid the semiannual interest due on the bonds regularly. On August 1, 2016, market rates of interest had fallen to 12%, and Bonnie is considering selling the bonds. Use the present value tables (Table 6-4 and Table 6-5) (Round your PV factors to 4 decimal places.) Required: Calculate the market value of Bonnie's bonds on August 1, 2016. (Round your answer to 2 decimal places.) Market value