First Bank has some question as to the tax-free nature of $4 million of governmental bonds heid in its investment portfolio. This amount is excluded from First Bank's taxable income of $40 milion. Management has determined that there is a 60% chance that the tax-free status of this entire amount of interest can't withstand scrutiny of taxing authorities. Assuming a 25% tax rate, what amount of income tax expense should the bank report? Note: Enter your answer in millions rounded to 2 decimal place (i.e., i.e, 5,500,000 should be entered as 5.50 )