Swifty Corporation issued 12%, 8-year, $2,770,000 par value bonds that pay interest annually on April 1. The bonds are dated April 1, 2022, and are issued on that date. The discount rate of interest for such bonds on April 1, 2022, is 14%. Click here to view the factor table 1. Table 2 Table 3 Table 4 What cash proceeds did Swifty receive from issuance of the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 5.24571. Round answer to O decimal places, e.g. 125.) Cash proceeds from issuance of the bonds $