Current Attempt in Progress * Your answer is incorrect. Cullumber Railroad Co. is about to issue $286,000 of 9-year bonds paying an 12% interest rate with interest payable annually. The discount rate for such securities is 8%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Cullumber expect to receive for the sale of these bonds? (Round answer to decimal places, eg. 2,525.) Cullumber can expect to receive $ 594,880 eTextbook and Media Solution Attempts: 2 of 3 used Submit Answer Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 2