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On January 1, 202X, Hawks Delivery Inc. purchased a van to deliver goods at the beginning of the current year. The vendor offered Hawks Delivery

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On January 1, 202X, Hawks Delivery Inc. purchased a van to deliver goods at the beginning of the current year. The vendor offered Hawks Delivery Inc. financing terms that required Hawks Delivery Inc. to make 8 equal semi-annual payments of $ 38000 at the end of every second quarter. The current interest rate for Hawks Delivery Inc. is 6%. How much would Hawks Delivery Inc. record as the initial purchase price of the van? Round your answer to the nearest dollar

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