Practise question

Loan notes in issue of $100. Nominal int 6% payable annually. Redemption in Y8 at 100+5% = $105. Cost of debt 7%.

Using 7% factors:
My working is Y1-Y6 int at $6.00 * 5.971 = 35.83
and the redemption of $105 * .582 = 61.11
Total value of the note = 96.94.

Correct answer is 94.03?

Please help. Thank you so much.

PS I have posted this on the practise question board also, I hope it is OK to have here also.