User skysong inc. manufactures cycling equipment. recently, vice president 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 3,470,700 of 10% 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 intestest rate for a simalar financial instrument is 8%. as the controller of the company, determine the selling price of the bonds.