On January 1, 2022, DM Inc. issues a bond with a $500,000 face value and a coupon rate of 8%. The bond matures in 5 years and pays interest semi-annually (June 30, December 31). The market rate is 10% on the date of issuance. The companys fiscal year-end is 12/31. What present value factor should DM Inc. use to calculate the present value of the interest payments DM will pay over the bonds life?