On December 31,2024 , a company issued 7% stated rate bonds with a face amount of $108 million. The bonds mature on December 31,2054 . Interest is payable annually on each December 31, beginning in 2025. Determine the price of the bonds on December 31,2024 , assuming that the market rate of interest for similar bonds was 8%. Note: Use tables, Excel, or a financial calculator. Enter your answers in whole dollars and not in millions. (FV of \$1, PV of \$1, FVA of \$1. PVA of \$1. FVAD of \$1 and PVAD of \$1)