Vaughin 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 compary's bikes. After a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $3,294,900 of 12% 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 financlal instruments is 10% Click here to view factor tables. As the controller of the company, determine the selling price of the bonds, iRound factor values to 5 decimal places, 131.25124 and final onswer to 0 decimal ploces es. 458,581 ) Seling price of the bonds