Tamarisk Inc manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. After a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $3,009,100 of 8% term corporate bonds on March 1, 2025, due on March 1. 2040, with interest payable each March 1 and September 1 . At the time of issuance, the market interest rate for similar financial instruments is 6%. Clickhere to view factor tables: As the controller of the company, determine the selling price of the bonds, (Round factor values to 5 decimal ploces, es. 1.25124 and final answer to 0 decimol places, eg. 458,581) Selling price of the bonds