On May 1, 2023, Cirla Vista Corporation, a publicly listed corporation, issued $247,100 of five-year, 8% bonds, with interest payable semi-annually on November 1 and May 1 . The bonds were issued to yield a market interest rate of 6%, Carla Vista uses the effective interest method. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. (a) Calculate the present value (issue price) of the bonds on May 1 (1) using the factor tables provided (2) a financial calculator, or (3) Excel function PV. (Hint: Refer to Chapter 3 for tips on calculating.) (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places e.g. 58,971.) Present value of the bonds