Question 16 (1 point) On January 1, 2021, Anne Teak Furniture issued $100,000 of 8% bonds, dated January 1. Interest is payable semiannually on June 30 and December 31. The bonds mature in 10 years. The annual market rate for bonds of similar risk and maturity is 10%. What was the issue price of the bonds? (Use appropriate factor(s) from the values provided.) PV of annuity of $1: (i=10%, n=10)=6.14457 (i=5%, n=20)=12.46221 (i=8%, n=10)=6.71008 (i=4%,n=20)=13.59033 PV of $1: (i=10%, n=10)=0.38554 (i=5%, n=20)=0.37689 (i=8%, n=10)=0.46319 (i=4%,n=20)=0.45639 O $86,711. O $85,666. O $87,538. O $87,711