InterTech Corporation needed financing to build a new manufacturing plant. On June $30$th of this year, InterTech issued $$2,175,000$ of $8-$year bonds with a $6\%$ coupon rate

$($payments due on December $31$st and June $30$th$).$ The effective interest rate was $8\%.$

What amount in interest expense did InterTech record for the June $30$ payment in the next year?

$$76,398$

$$65,250$

$$77,327$

$$87,000$

None of these are correct.

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