Suppose your company needs to raise $39 million and you want to issue 25-year bonds for this purpose. Assume the required return on your bond issue will be 7 percent, and youre evaluating two issue alternatives: A semiannual coupon bond with a coupon rate of 7 percent and a zero coupon bond. Your companys tax rate is 30 percent. Both bonds will have a par value of $1,000.

In 25 years, what will your companys repayment be if you issue the coupon bonds? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)