Auerbach Incorporated issued 7% bonds on October 1,2024 . The bonds have a maturity date of September 30,2034 and a face value of $325 million. The bonds pay interest each March 31 and September 30 , beginning March 31,2025 . The effective interest rate established by the market was 9%. How much cash interest does Auerbach pay on March 31, 2025? Note: Round your answer to 2 decimal places. Multiple Choice $11,38 million '\$22.75 million $14.63 million