You are tasked with calculating the property tax needed to fund construction and operation of a \($22.5\) million complex. The facility’s annual operating budget is forecast at \($3.6\) million, to be covered by revenues from programs offered at the facility. A 30-year general obligation bond with a rate of 5.5% will be issued to pay for the facility’s construction costs. The net assessed value of property in the municipality is \($725\) million.

Calculate the amount that must be set aside each year to meet the bond’s principal and interest obligations over 30 years?