A company issues $15,000,000, 5.8%, 20-year bonds to yield 6% on January 1, 2017. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14,653,278. Using effective-interest amortization, how much interest expense will be recognized on June 30, 2017?

A.) $439,598

B.) $450,000

C.) $879,334

D.) $379,879