Auerbach Inc. issued 6% bonds on October 1, 2018. The bonds have a maturity date of September 30, 2028 and a face value of $300 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2019. The effective interest rate established by the market was 8%. How much cash interest does Auerbach pay on March 31, 2019? (Answer should be in million rounded to two decimal places.) Multiple Choice $18.00 million $9.00 million $24.00 million $12.00 million Auerbach Inc. issued 10 % bonds on October 1,, 2018. The bonds have a maturity date of September 30, 2028 and a face value of $450 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2019. The effective interest rate established by the market was 12%. Assuming that Auerbach issued the bonds for $398,383,200, what interest expense would it recognize in its 2018 income statement? (Do not round intermediate calculations and round final answer to nearest whole dollar.) Multiple Choice $11,951,496 $0 $13,500,000. $23,902,992