That's the best $132 new bike I've seen. My Schwinn Le Tour with rear rack, collapsible Wald baskets, Avenir toe clips and frame pump cost nearly twice as much in 1982.
Look into Goodwill or similar second-hand stores, the local bike shop, and garage sales (there's a lot of decent, usually unridden bikes cluttering up people's houses). You can get them for nearly nothing if you catch folks when they're moving. You might find a real bargain in the used bike market for about the same as new from Wal-mart.
When you get the bike home, inspect it carefully before riding to make sure that is has been assembled properly. If you don't know what to look for, seek out a knowledgeable person for help.
Be sure to inflate tires to specified pressure before each ride, and clean and lube the chain regularly.
Good luck!