Auerbach Incorporated issued 5% bonds on October 1, 2024. The bonds have a maturity date of September 30, 2034 and a face value of $475 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2025. The effective interest rate established by the market was 7%.

How much cash interest does Auerbach pay on March 31, 2025?

Note: Round your answer to 2 decimal places.