Auerbach Inc. issued 5% bonds on October 1, 2018. The bonds have a maturity date of September 30, 2028 and a face value of $275 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2019. The effective interest rate established by the market was 7%.

How much cash interest does Auerbach pay on March 31, 2019? (Answer should be in million rounded to two decimal places.