On January 1, 2019, New Company issued $400,000, 8-year, 9% bonds for $422,987. The interest payments of 9% are due on December 31. The market rate is 8%. What is the net book value of the bonds after the first interest payment is made on December 31, 2019? Choose the closest answer. O $422,987 O $420,826 O $364,000 O $400,000 0 $425,148