Auerbach Incorporated issued 5% bonds on October 1, 2024. The bonds have a maturity date of September 30, 2034 and a face value of $300 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