On January 2, 2010, Wine Corporation Wishes to Issue $2,000,000

On January 2, 2010, Wine Corporation wishes to issue $2,000,000 (par value) of its 8%, 10-year bonds.The bonds pay interest annually on January 1.The current yield rate on such bonds is 10%.Using the interest factors below, compute the amount that Wine will realize from the sale (issuance) of the bonds.

A) $2,000,000
B) $1,754,136
C) $2,000,012
D) $2,212,052