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Stellar Inc. Issues $2,800,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of

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Stellar Inc. Issues $2,800,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 12%. Click here to view factor tables What amount will Stellar receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to o decimal places, e.g. 458,581.) Amount received by Stellar when bonds were issued $

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