On July 1, 2014, Bryant Industries Inc. issued $100,000,000 of 20-year, 9% bonds at a market (effective) interest rate of 10%, receiving cash of $91,420,905. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.

1) Compute the price of $91,420,905 received for the bonds by using the present value tables in Appendix A. (Round to the nearest dollar).