Your company wants to raise $$$$7\mathrm{.}0$ million by issuing $10-$year $$zero$-$coupon bonds. If the yield to maturity on the bonds will be $8\%($annual compounded APR$),$ what total face value amount of bonds must you$$ issue?

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Part $1$

The total face value amount of bonds that you must issue is $$$

$$

enter your response here. $($Round to the nearest$$ cent.$)$