Question 27 of 29 - /1 View Policies Current Attempt in Progress Sunland 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 board of directors has decided to raise funds for the new plant by issuing $3,201,000 of 9% term corporate bonds on March 1, 2020, 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 8%. 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 0 decimal places, eg. 458,581.) Selling price of the bonds $ Question 28 of 29 - 71 View Policies Current Attempt in Progress Your client, Keith Nash Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period of 27 years. Nash has an investment cost of $427,900 in the machine, which has a useful life of 27 years and no salvage value at the end of that time. Your client is interested in earning an 11% return on its investment and has agreed to accept 27 equal rental payments at the end of each of the next 27 years. Click here to view factor tables You are requested to provide Nash with the amount of each of the 27 rental payments that will yield an 11% return on investment. (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Amount of each rental payments $ e Textbook and Media