Required information [The following informatlon applies to the questions displayed below.] On January 1, 2024. Water Workd issues $24.5 million of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each yeat. Water World intends to use the funds to buld the world's largest water avalanche and the "tornado" - a glant outdoor vortex in which riders spin in progressively smaller and faster circles until they drop through a small tunnel at the bottom. Required: 1-a. If the market rate is 5\%, calculate the issue price, (EV of S1. PV of S1, EVA of \$1, arid PVA af \$1) 1-b. Will the bonds issue at face amount, a discount, or a premium? Complete this question by entering your answers in the tabs below. If the market rate is 5%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1 ) (Note: Use tables, Excel, or a finaneiaf calculator. Enter your answers in dollars not in millions (i.e., 55.5 , milion should be ontered as 5,500,000 ). Round your final answers to the nearest whole dollat.) 1-a. If the market rate is 5%, calculate the issue price. (EV af $1, PV of $1, EVA of $1, and PVA of $0 1-b. Will the bonds issue at face amount, a discount, or a premlum? Complete this question by entering your answers in the tabs below. Will the bonds issue at face amount, a discount, or a premlum