On January $1,2024,$ Water World issues $$24\mathrm{.}6$ million of $5\%$ bonds, due in $15$ years, with interest payable semiannually on June $30$ and December $31$ each year. Water World intends to use the funds to build the world$$s largest water avalanche and the $$tornado$$ a giant outdoor vortex in which riders spin in progressively smaller and faster circles until they drop through a small tunnel at the bottom.

$2-$a$.$ If the market rate is $5\%,$ calculate the issue price. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

$2-$b$.$ Will the bonds issue at face amount, a discount, or a premium?