Question: Current Attempt in Progress Your answer is incorrect. Wildhorse Enterprises issued 12%, 8-year, $2,770,000 bonds that pay interest annually on April 1 . The bonds

Current Attempt in Progress Your answer is incorrect. Wildhorse Enterprises issued

Current Attempt in Progress Your answer is incorrect. Wildhorse Enterprises issued 12\%, 8-year, $2,770,000 bonds that pay interest annually on April 1 . The bonds are dated April 1,2022 , and are issued on that date. The discount rate for such bonds on April 1, 2022, is 14%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What cash proceeds did Wildhorse receive from issuance of the bonds? (Round answer to 0 decimal places, e.g. 125.) Cash proceeds from issuance of the bonds $

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