Question 18 3 pts Bohan Co issued 12 million convertible loan notes on 1 October 2021 that carry a nominal interest (coupon) rate of 5% per annum. They are redeemable on 30 September 2024 at par for cash or can be exchanged for equity shares in Bohan Co on the basis of 20 shares for each 100 of loan. A similar loan note, without the conversion option, would have required Bohan Co to pay an interest rate of 8%. The present value of 1 receivable at the end of each year, based on discount rates of 5% and 8%, can be taken as: End of year 1 2 3 Cumulative 5% 8% 0.95 0.93 0.91 0.86 0.86 0.79 2.72 2.58 What is the amount that should be shown under liabilities at 30 September 2022 (round to the nearest 000)? 9,480,000 Nil 11,310,000 9,425,000