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please help Swifty Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant to meet

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Swifty Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. After a careful evaluation of the request, the band of directors has decided to raise funds for the new plant by issuing $3,103,800 of 7% term corporate bonds on March 1.20.due on March 1, 2035, with interest payable each March 1 and September 1, with the first interest payment on September 1st, 2020. At the time of issuance, the market interest rate for similar financial instruments is 6%. Click here to view factor tables As the controller of the company, determine the selling price of the bonds, (Round factor values to 5 decimal places, eg. 1.25124 and final answer to decimal places, eg. 458,581) Selling price of the bonds $

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