Auerbach Inc. issued 4% bonds on October 1, 2021. The bonds have a maturity date of September 30,2031 and a face value of $275 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 6%. Assuming that Auerbach issued the bonds for $234,088,085, what interest expense would it recognize in its 2021 income statement? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Mulipie Choice 54,125,000 53,511,321. 50 $7.22643