Auerbach Incorporated issued $8\%$ 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 $10\%.$

Assuming that Auerbach issued the bonds for $$262,613,520,$ what interest expense would it recognize in its $2024$ income statement?

Note: Do not round intermediate calculations. Round your final answer to nearest whole dollar.