Auerbach inc, Issued 3% bonds on October 1, 2021. The bonds have a maturity date of September 30,2031 and a face value of $325 million. The bonds pay Interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 5%. How much cash interest does Auerbach pay on March 31, 2022? (Round your answer to 2 decimal places.) Multiple choice $935 milison $813 million $16.25 miltion $4.88 milion