On January 1, 2019, Jason Company issued $5 million of 10-year bonds at a 10% coupon interest rate to be paid annually. The following present value factors have been provided: Time Period 10 10 10 Interest 10% PV of $1 0.386 0.463 0.322 PV of a $1 Annuity 6.140 6.710 5.650 8% 12% What was the issuance price of the bonds if the market rate of interest was 8%