Required information The following information applies to the questions displayed below) On January 1, 2019, Learned Inc, issued $12 million face amount of 20 year, 14% stated rate bonds when market interest rates were 16%. The bonds pay interest semiannually each June 30 and December 31 and mature on December 31, 2038 Table 4. Table 6.5 (Use appropriate factor from the table provided.) Required: a. Calculate the proceeds issue price) of Learned Inc, bonds on January 2019, assuming that the bonds were sold to provide market rate of return to the investor (Round PV factor to 4 decimal places. Enter your answers in dollars, rather than in millions of dollars.) Procedi TABLE 64 FACTORS FOR CALCULATING THE PRESENT VALUE OTS No. of Periods 26 %D 14 TO 0.000 0.001 0.942 0.94 9 3 4 ORD CISCO OTTE 0706 0.6700 0.001 0107 O NOU ISO 0.5767 0.400 CONSO LOLVO HIVYO 0060 990 DO HO Discount Rate % 10% 12% 09050 0.25 0.8204 0.7072 7930 0.711 07350 0.0830 0.00 . 3000 0:43 OSOS 0.4000 0.4941 0800 0.40.30 0.3056 0.3020 0500 05078 02907 DICTO MO o 04560 0.4371 03304 0310 0.000 4 GORO CO 04104 0330 3050 0.01 0853 OBO 02703 DO 0 BIDO 20000 SOCO 10 0000 0.2007 0.00150044 0.000006000 0.18000.000 03548 6210 OTATO 0.7900 0.7050 0.7600 0.0001 0.7307 0.6274 07000 0.6756 09504 0.590 0.01604070 0.0000 0.48 57750403 056 04173 GO 0300 05134 023714 04906 03609 oran 40 03118 JACO 5.2011 0.160 1000 01015 0.1340 0.1122 10 0.004 WO 067 0.2016 0. FOLD TO Boro CORO DO SORCO 14 To 107 101 000 0.773 0.750 ora 0.72 0714 O 700 0315 09910 2700 2003 0.2012 0.1001 0.1050 O. 02110 01078 01790 0.16 01070 0.0000 0.02 0001 2000 00014 ODCHO O 37 11 10 20 0.000 03305 0.073 101 01037 0.010 0.00 0738 OO CVO 000 00541 0.00 0.0001 D.COM DOM 0.000000 000 06 . D 2015 OD 0.000 GOOD 01087 21 COCO 1907 0.000 13 0.133 HO 0000 VO 0.0193 0001 100 23 0634 0.420 02775 04067 0 2010 03301 0:35 07330 1700 0.1577 1.400 01015 OO 69900 89900 TO SO COTO GO 01011 DODO