Zippen Industries issues $6 million in 13.750% bonds maturing March 13, 2038. The bond is callable March 13, 2025 at a call premium of 11.750%. March 13, 2025 the prevailing yield is 5.250%. If Zippen Industries calls the entire issue and replaces it with 5.250% bonds also maturing March 13, 2038 then

each semi-annual coupon payment will decrease by $

and the principal repayment at maturity will increase by $

The present value of this decision to the company - to the nearest dollar - is

The company should (CALL / NOT CALL) the bond.