On January 1, 2017, EE Corp. issues 5-year bonds with a total face value of $4,000,000 and a stated/contract interest rate of 3.5% with interest paid annually each 12/31. The bonds are issued to provide an effective (market) interest rate of 4%. (Round all amounts to the nearest dollar) D Question 34 2 pts The cash proceeds from issuing the bonds on 1/01/2017 is: $3,910,964 $3,912,200 $4,000,000 $4,090.301