On January 2, 2020, Sunland Company wishes to issue $5700000 (par value) of its 8%, 10-year bonds. The bonds pay interest annually on January 1. The current yield rate on such bonds is 11%. Using the interest factors below, compute the amount that Sunland will realize from the sale (issuance) of the bonds.

Present value of 1 at 8% for 10 periods	0.4632
Present value of 1 at 11% for 10 periods	0.3522
Present value of an ordinary annuity at 8% for 10 periods	6.7101
Present value of an ordinary annuity at 11% for 10 periods =5.8892