Flat Rock Corporation has decided to purchase bonds of Vicon Corporation as a long-term investment. The eight-year bonds have a stated rate of interest of 10%, with interest payments being made semiannually. How much should Flat Rock be willing to pay for $35,000 of the bonds if: 1. A rate of return of 12% is deemed necessary to justify the investment? 2. A rate of return of 8% is considered to be an adequate return?