Grecian Tile Manufacturing of Athens, Georgaa, borrows $1.500.000 at L.BOR plus a lending margin of 1.32 percent per annum on a six month rollover basis from a London bank. If six-month LBOOR is 4.85 percent over the first six-month interval and 5.410 percent over the second sixcmonth interval, how much will Grecian Tile pay in interest over the first year of its Eurodollar loan? (Do not round intermediote calculations. Round your answer to 2 decimal ploces.)