need help figuring out how to get the answer shown below. thank you!

Can you determine the market value of the $6 million of debt shown on the books? The parameters you need to know are that for 14 years, payments of $300,000 (5% of $6 million) will be made, concluding with a fifteenth year payment of $6,300,000 (interest and principle), and that 12% is a representative interest rate. Treat this like a budgeting problem. What is the present value of the cash flows? 3 $ Submit Hush-Flush Corporation Balance Sheet($000's) December 31, 20XX Cash Accounts Receivable Inventory Long-Term Assets Total Assets 500 1,500 2,000 6,000 $10,000 Sorry, that's wrong. The answer is $3,139,437 We will substitute this value for the $6,000,000 of long-term debt listed on the balance sheet. Click next to continue. Current Liabilities 1,000 Long Term Debt 6,000 Owners'Equity 3,000 Total Liabilities and Owners' Equity $10,000 Previous Next