Tesla is considering to issue its first bond on July 1, 2021. They would like to issue 10 million bonds with a face value of $3,000 each. The bonds pay a coupon rate of 5% p.a., paid semi-annually. The bonds would mature on July 1, 2037. Yields on bonds with similar risk profiles are 16% p.a. compounded semi-annually, which Tesla estimates will be required for their bonds as well. For what price would Tesla estimate to sell each bond? Enter your answer to the nearest cent (two decimal places).