On January 1, 2013, Learned, Inc., issued $2.6 million face amount of 10-year, 7% stated rate bonds when market interest rates were 1%. The bonds pay semiannual interest each June 30 and December 31. . Calculate the proceeds (issue price) of Learned, Inc.’s, bonds on January 1, 2013, assuming that the bonds were sold to provide a market rate of return to the investor. (Round your answer to the nearest whole dollar amount. (e.g., 32))