Auerbach Inc issued 4% bonds on October 1, 2018 The bonds have a maturity date of September 30, 2028 and a face value of $350 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2019. The effective interest rate established by the market 16 How much cash interest does Auerbach pay on March 31, 2019? (Answer should be in million rounded to two decimal pleces) Multiple Choice $10.50 mialion $14.00 million $21.00 million $700 mlion