Wildhorse Co. is about to issue $125,000 of 8-year bonds that pay a 6.00% annual interest rate, with interest payable semi-annually. The market interest rate is 8%. How much can Wildhorse expect to receive for the sale of these bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.g. 5,275.25.)

Expectation from sale of bonds

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