A question on FSA Financing liabilities 959, question, interest, payments

ramzes

A firm issues a $10 m bond with a 6% coupon rate, 4year maturity, and annual interest payments when market interest rates are 7%.
Can anyone tell me if the market rate changes to 8%, the BV of the bonds at the end of the 1st period will be:
1. $$9,484,581 or
2. $9,737,959 ?
This is a question from Schweser, I used my BAII:
If N=4, I/Y=8, PMT = $600,000 and FV=$10 M
the new PV is: 9,337,574.63, 1st yr interest: 747,005.97, then isn’t it suppose to be: $9,484,581? I’m confused by the answer i was provided, please help me, thanks.