[The following information applies to the questions displayed below.) On January 1, 2024. Water World issues $25,3 million of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Water World intends to use the funds to build the world's largest water avalanche and the "tornado"- "- a giant outdoor vortex in which riders spin in progressively smaller and faster circles until they drop through a small tunnel at the bottom. 3-a. If the market rate is 7%, calculate the issue price. (EV of $1, PV of $1, FVA of $1, and PVA of $1) 3-b. Will the bonds issue at face amount, a discount, or a premium? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg 3a Rec 3b If the market rate is 7%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $ 1) (Use appropriate factor(s) from the tables provided. Enter your answers in dollars not in millions (ie. $5.5 million should be entered as 5,500,000). Round your final answers to the nearest whole dollar) Bond Characteristics Amount 25,300,000 Face amount $ $ 759 000 Interest payment Number of periods 40 Market interest rate 3.5% Issue price $ 23 470 286