On January $1,2020,$ Gap Co$.$ issued eight$-$year bonds with a face value of $$4,000,000$ and a stated interest rate of $6\%,$ payable semiannually on June $30$ and December $31.$ The bonds were sold to yield $8\%.$

Present value of $1$ for $8$ periods at $6\%\mathrm{.}627$

Present value of $1$ for $8$ periods at $8\%\mathrm{.}540$

Present value of $1$ for $16$ periods at $3\%\mathrm{.}623$

Present value of $1$ for $16$ periods at $4\%\mathrm{.}534$

Present value of annuity for $8$ periods at $6\%6\mathrm{.}210$

Present value of annuity for $8$ periods at $8\%5\mathrm{.}747$

Present value of annuity for $16$ periods at $3\%12\mathrm{.}561$

Present value of annuity for $16$ periods at $4\%11\mathrm{.}652$

The issue price of the bonds is

$$3,558,240.$

$$3,534,240,$

$$3,539,280$

$$3,998,400.$