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ROFL Limited has asked you to calculate the debt component to help in its calculation of its weighted average cost of capital (WACC). ROFL has

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ROFL Limited has asked you to calculate the debt component to help in its calculation of its weighted average cost of capital (WACC). ROFL has 7,000 Corporate Bonds outstanding with a face value of $57,000 each. The coupon rate is 4% p.a. compounding semi-annually. The bonds mature in 6 years and currently ROFL bonds are trading in the market at a yield of 7% p.a. If a coupon payment was paid today what is the total market value of ROFL's issued bonds? Provide your answer to the nearest dollar

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