thank you! ### Required Information**[The following information applies to the questions displayed below.]**On January 1, 2021, Wild Rapids Water Park issues $391 million of 9% bonds to finance expansion. The bonds are due in 20 years, with interest payable semiannually on June 30 and December 31 each year.#### 3-a. If the market rate is 10%, calculate the issue price. (Use appropriate factor(s) from the tables provided. Round "Market Interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar.)**Bond Characteristics and Table:**- **Face amount:** $39,100,000- **Interest payment:** [Blank]- **Periods to maturity:** [Blank]- **Market interest rate:** [Blank]- **Issue price:** [Blank]#### 3-b.The bonds will issue at:- ○ A Discount- ○ A Premium- ○ Face amount

Issue Price of the bonds = Present value of principal + Present value of interest payments = face…

Requlred Informatlon [The following information applies to the questions displayed below.) On January 1. 2021, Wild Rapids Water Park issues $39.1 million of 9% bonds to finance expansion. The bonds are due in 20 years, with interest payable semiannually on June 30 and December 31 each year. 3-a. If the market rate is 10%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use approprlate factor(s) from the tables provided. Do not round Interest rate factors. Enter your answers In dollars not In mlons. Round "Market Interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar.) Bond Characteristics Amount Face amount 39,100,000 Interest payment Periods to maturity Market interest rate Issue price 3-b. The bonds will issue at A Discount OA Premium O Face amount