QUESTION 4 NOTE: YOU MUST USE THE FACTORS PROVIDED ON THIS TEST, WHEN THEY ARE GIVEN TO ANSWER YOUR QUESTIONS. IF YOU FAIL TO DO SO YOU'LL PROBABLY GET THE QUESTION WRONG. THERE IS ONLY A TOLERANCE OF S1 ON THIS SOLUTION. You've been warned :) Drew Foster Corporation issues 54.000.000, s.year bonds dated January 1, 2021 on January 1, 2021. The bonds pwy interest semiannually on June 30 and December 31. The bonds are issued to yield 54 annual interest. The proceeds from the bond issue equal 54.175.647. PV 51 for periods WV 51 for 10 periods PVOA for periods PVOA for 10 periods 24 2.5% 3 8 1001 90573 .88385 8626182193 7472668058 62092 82035 78120 74403 675565583946319 38554 4.71346 464583 4.57971 4.45182 4.21236 3.992271 3.79079 8.982.50 3.75206 8.53020 8.11090 7.36009 6.71008 6.14457 Question How much cash interest will Drew pay at the end of the first six months? Be careful of errors, they might follow you to the next question. Present answer as a positive number. QUESTIONS Regarding the information above, what is the ANNUAL statest rate of interest for Drew Foster? Provide your answer in a whole number if you think Use rate is 22% then write 22