Setraklan Industries needs to raise $48.8 million to fund a new project. The company will sell bonds that have a coupon rate of 5.58 percent paid semiannually and that mature in 15 years. The bonds will be sold at an initial YTM of 616 percent and have a par value of $2,000. How many bonds must be sold to raise the necessary funds? (Round your intermediate calculations to two decimal places and final answer to the nearest whole number.) Multiple Choice 32,318 bonds 48,800 bonds 25,855 bonds 72,180 bonds 24,400 bonds