Required information [The following information applies to the questions displayed below.] On January 1, 2018, Frontier World issues $40.5 milion 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 millins. Round "Market interest rate" to 1 decimal place.) 1-b. The bonds will issue at