On January 1, 2021, Bon Corporation issued $50,000,00 of 5-year, 12% bonds at a market (effective) interest rate of 16%. Interest on the bonds is payable on March 31#, June 30th, September 30th, and December 31t Bon's fiscal year is the calendar year. Present Value factors to Select from: Present Value of $1 at Compound Interest, 5 periods, 16% 0.47611 Present Value of an Ordinary Annuity, 5 periods, 16% 3.27429 Present Value of $1 at Compound Interest, 5 periods, 12% 0.56743 Present Value of an Ordinary Annuity, 5 periods, 12% 3.60478 Present Value of $1 at Compound Interest, 20 periods, 4% 0.45639 Present Value of an Ordinary Annuity, 20 periods, 4% 13.59033 Present Value of $1 at Compound Interest, 20 periods, 3% 0.55368 Present Value of an Ordinary Annuity, 20 periods, 3% 14.87747 Required: 1. Prepare a detailed calculation of the present value of the bond. 2. Prepare a detailed calculation of the price of the bond at issuance. MUST SHOW ALL YOUR WORK! IF NECESSARY, ROUND AMOUNTS TO NEAREST DOLLAR