Javier and Anita Sanchez purchased a home on January $1,2022,$ for $$888,000$ by paying $$296,000$ down and borrowing the remaining $$592,000$ with a $7$ percent loan secured by the home. The loan requires interest$-$only payments for the first five years. The Sanchezes would itemize deductions even if they did not have any deductible interest. The Sanchezes' marginal tax rate is $32$ percent. Assuming the interest expense is their only itemized deduction for the year and that Javier and Anita file a joint return, have great eyesight, and are under $60$ years of age, what is the after$-$tax cost of their $2022$ interest expense?