On January 1, 2024, Water World issues $25.3 million of 6% bonds, due in 20 years, with Interest payable semlannually 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 glant outdoor vortex in which riders spin in progressively smaller and faster citdles 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 EV of $1. EVA 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. Req 3a Reg 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 (1.e. $5.5 mill on should be entered as 5,500,000). Round your final answers to the nearest whote dollar:) Bond Characteristics Amount Face amount 25,300,000 Interest payment 759.000 Number of periods 40 3 5% Market interest rate Issue price 23.470,286