When the market rate of interest was 9%, Kennesaw Van Lines issued a bond. The interest payments are $1,000,000 and the life of the bond is 8 years. The present value interest factors for 9% are provided below: PV(annuity) $5.535 $5.995 $6.418 n 8 9 10 PV($1) 0.502 0.46 0.422 The company should record the present value of interest payments (rounded to the nearest thousand) at: O A. $422,000. B. $502,000. O C. $6,418,000. O D. $5,535,000