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InterTech Corporation needed financing to build a new manufacturing plant. On June 3 0 th of this year, InterTech issued $ 2 1 7 5

InterTech Corporation needed financing to build a new manufacturing plant. On June 30th of this year, InterTech issued $2175350,000 of 8-year bonds with a 6% coupon rate (payments due on December 31st and June 30th). The effective interest rate was 8%.
What amount in interest expense did InterTech record for the June 30 payment in the next year?

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