Suppose ABC Co. issues $26.27 million of 20 year zero coupon bonds today. If investors require a return of 6.98 percent compounded semiannually and all the bonds remain outstanding until they mature, how much (in $ millions) will ABC have to pay to redeem the bonds. Answer in millions to two decimals - ie, if you get $50,268,382, you should enter 50.27.

Can this be solved using the financial calculator?