Required information The following information applies to the questions displayed below.) On January 1, 2021, Frontier World issues $39.9 million of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride. Required: 1-a. If the market rate is 6%, calculate the issue price. (EV of $1. PV of $1. EVA of $1. and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round Interest rate factors. Enter your answers in dollars not in millions. Round Market Interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar) cos Amount 39,900,000 Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price