In order to help fund a loan request of $$40$ million for one year from one of its best customers, Sandia Bank will borrow $$25$ million from selling CDs at a promised annual yield of $3\mathrm{.}2$ percent and also borrow $$15$ million in the Federal funds market at today$$s prevailing interest rate of $3\mathrm{.}0$ percent. Credit investigation and recordkeeping costs to process this loan application were an estimated $0\mathrm{.}10\%$ of the loan amount. The Credit Analysis Division recommends a minimal $0\mathrm{.}5$ percent risk premium on this loan and a minimal profit margin of $1\mathrm{.}20$ percent. Using the cost$-$plus loan pricing model to price this loan, what amount of interest expense $($in $$$$)$ will must the loan customer pay over the next year? $($Show sufficient detail in order to receive credit$)$