07 First Bank has some question as to the tax free nature of S4 million of governmental bonds held in its investment portfolio This amount is excluded from Fest Bank's taxable income of S60 million Management has determined that there is a 70chance that the tax tree status of this entire amount of interest can't withstand scrutiny of taking anthorities Assuming a 25% tax rate, what amount of income tax expense should the bank report(Enter your answer in milions rounded to 2 decimal place le., Le 5,500,000 should be entered as 5.501)