On January 1, 2020, Indigo Corporation purchased 333 of the $1,000 face value, 8%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2030, and pay interest annually beginning January 1, 2021. Indigo purchased the bonds to yield 11%. How much did Indigo pay for the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Indigo must pay for the bonds

$?

What is the present value of $7,770 to be received at the end of each of 18 periods, discounted at 5% compound interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

The present value

$enter the present value in dollars rounded to 0 decimal places ?