Use the Following to Answer Questions

Essay

Use the following to answer questions
The note about debt included in the financial statements of Healdsburg Company for the year ended December 31,2015 disclosed the following:
Debt.The following table summarizes the long-term debt of the Company at December 31,2015.All of the notes were issued at their face (maturity)value.
Required: Assuming that the notes pay interest annually and mature on December 31 of the respective years,compute the following:
-Suppose that Healdsburg wants to buy back the 7.75% notes on December 31,2016, (i.e. ,five years early)when the going interest rate is 6%,thereby retiring the $345,154,000 in debt.How much would Healdsburg have to pay for the notes (principal only)?