Question 19 Crane Company issues $25400000, 8%, 5-year bonds dated January 1, 2017 on January 1, 2017. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 7%. What are the proceeds from the bond issue? 3.5% 4.0% 7% 8% Present value of a single sum for 5 periods 0.84197 0.82193 0.71299 0.68058 Present value of a single sum for 10 periods 0.70892 0.67556 0.50835 0.46319 Present value of an annuity for 5 periods 4.51505 4.45182 4.10020 3.99271 Present value of an annuity for 10 periods 8.31661 8.11090 7.02358 6.71008 O $26448739 O $25400000 $26444669 O $26456244