Windsor Inc. manufactures cycling equipment. Recently, the company's vice$-$president of operations 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 $$2,320,000$ of $9\%$ term corporate bonds on March $1,2023,$ due on March $1,2037,$

with interest payable each March $1$ and September $1.$ At the time of issuance, the market interest rate for similar financial instruments

is $8\%.$

$($a$)$

Your answer is incorrect.

As Windsor's controller, determine the selling price of the bonds. $($Round present value factor calculations to $5$ decimal places, e$.$g$.$

$1\mathrm{.}25124$ and final answer to $0$ decimal places, e$.$g$.5,275.)$

Click here to view the factor table PRESENT VALUE OF $1.$

Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF $1.$

Selling price of the bonds give me the answer quickly