Question 7 1 pts On January 2, 2020, Desert Company wishes to issue $6,524,099 of its 8%, 10-year bonds. The bonds pay interest annually on January 1. The current market rate on such bonds is 10%. Using the interest factors below, compute the amount that Desert will realize from the sale (issuance) of the bonds. Round your final answer to the nearest $1. Present value of 1 at 8% for 10 periods 0.4632 Present value of 1 at 10% for 10 periods 0.3855 Present value of an ordinary annuity at 8% for 10 periods 6.7101 Present value of an ordinary annuity at 10% for 10 periods 6.1446 Question 8 On January 1, Desert Company accepted a $27,620, 6%, 5-year note receivable from Jungle Company in exchange for the sale of merchandise. The note requires Jungle Company to make semiannual payments of principal and interest every June 30th and December 31st. What is the carrying value of the note receivable after the first cash payment on June 30th? Round your final answer to the nearest $1. Use one of the following factors: PVOA(6%, 5) 4.21236 PVOA(3%, 10) 8.53020 PVAD(6%, 5) 4.46511 PVAD(3%, 10) 8.78611 1 pts