On January 1, 2017, Oriole Company issued eight-year bonds with a face value of $ 6100000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Table values are: Present value of 1 for 8 periods at 6% 0.627 Present value of 1 for 8 periods at 8% 0.540 Present value of 1 for 16 periods at 3% 0.623 Present value of 1 for 16 periods at 4% 0.534 Present value of annuity for 8 periods at 6% 6.210 Present value of annuity for 8 periods at 8% 5.747 Present value of annuity for 16 periods at 3% 12.561 Present value of annuity for 16 periods at 4% 11.652.

The present value of the interest is:

a. $ 2272860. 

b. $ 2103402. 

c. $ 2298663. 

d. $ 2132316.