Sunland Suit Ltd. designs and manufactures anti-gravity suits used by air force pilots and astronauts for space travel. To finance the expansion of its manufacturing operations, the company, in consultation with an investment bank, decided to issue bonds. On August 1 , it issued 10 -year, semi-annual bonds with a face value of $120,000,000. The contract rate on the bonds was 12% and the proceeds on the issuance of the bonds were $113,388,000 to yield 13.0%. Interest payments are to be made each January 31 and July 31 . (a1) Determine the price of the bonds on issuance. (Round answer to 4 decimal places, e.g. 15.2516.)