On January 1, 2024, Pharoah Compary issued for cash a $1,170,000,3-ycar note bearing annual interest at 8% to Biossom. Inc. The market rate of interest for a note of similar risk is 9%. What cash would have been recorded on the issue date of the note? (Raind present value foctor calculations to 5 decimal places, eg. 1.25124 and the finol answer to 0 decimal ploces eg. 58.971. Click here to view factor table. Total Proceeds