me Watch Company has $$46$ million in earnings and is considering paying $$6\mathrm{.}45$ million in interest to bondholders and $$4\mathrm{.}35$ millio preferred stockholders in dividends. Use Table $17-4.$

hat are the bondholders' contractual claims to payment?

ote: Do not round intermediate calculations. Enter your answer in millions rounded to $2$ decimal places $($e$.$g$.,$ $$1\mathrm{.}23$ million shoi entered as $"($:${1\mathrm{.}23}^{\text{'}\text{'}}\}.$