$($a$)$ On March $1,2021,$ Concord Co$.$ issued at $103$ plus accrued interest $$4,140,000,8\%$ bonds. The bonds are dated January $1,2021,$

and pay interest semiannually on July $1$ and January $1.$ In addition, Concord Co$.$ incurred $$26,000$ of bond issuance costs.

Compute the net amount of cash received by Concord Co$.$ as a result of the issuance of these bonds. $($Round present value factor

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

Net amount of cash received

$