Sandhill Enterprises issued $6\%,8-$year, $$2,600,000$ 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 $8\%.$

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$($For calculation purposes, use $5$ decimal places as displayed in the factor table provided.$)$

What cash proceeds did Sandhill 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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