On January 1, 2020, Branble Corp. Issued eight-year bonds with a face value of $5900000 and a stated interest rate of 10%, payable Semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value 1 for 8periods at 10% 0.467, Present value of 1 for 8periods at 12% 0.404, Present value of 1 for 16 periods at 5% 0.458, Present value of 1for 16 periods at 6% 0.394, Present value of annuity for 8 periods at 10% 5.335, Present value of annuity for 8 periods at 12% 4.968, Present value of annuity for 16 periods at 5% 10.838, Present value of annuity for 16 periods at 6% 10.106.

The issue price of the bonds is?