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 8,000 Corporate Bonds outstanding with a face value of $24,000 each. The coupon rate is 1% p.a. compounding semi-annually. The bonds mature in 14 years and currently ROFL bonds are trading in the market at a yield of 3%p.a. If a coupon payment was paid today what is the total market value of ROFLs issued bonds? Provide your answer to the nearest dollar.