Problem $1$ Computation of bond issue price

$15$ points

Dart Inc. plans to issue $$1,000,000$ face value bonds with a stated interest rate of $8\%.$ The market interest rate is $6\%.$ They will mature in $10$ years. Interest will be paid annually at the end of each year. At the date of issuance, compute the present value $($bond issue price$)$ of the future cash flows. Following are appropriate factors from tables:

$\backslash$table$[[$Table$,$Future Value of $$1,$Present Value of $$1,\backslash$table$[[$Future Value of$],[$ordinary annuity$]],\backslash$table$[[$Present Value of$],[$ordinary annuity$]]],[\frac{\%}{n},1\mathrm{.}79085,0\mathrm{.}55839,13\mathrm{.}18079,7\mathrm{.}36009],[6\%10$ periods,$2\mathrm{.}15892,0\mathrm{.}46319,14\mathrm{.}48656,6\mathrm{.}71008],[810$ perods,,,,$]]$

Required Computation: