Axon Industries needs to raise $$1,000,000$ USDs for a new investment project. If the firm issues $1-$year debt, it may have to pay an interest rate of $8\%,$ although Axon's managers believe that $7\mathrm{.}5\%$ would be a fair rate given the level of risk. If the firm issues equity, they believe the equity may be underpriced by $9\mathrm{.}5\%.$What is the cost $($in USDs$)$ to current shareholders of financing the project out of debt? Note: Express your answers in strictly numerical terms. For example, if the answer is $$500,$ enter $500$ as an answer."