MFB Industries borrowed $3,000,000 and agrees to make quarterly interest payments at the spot rate implied by the three-month zero-coupon bond price plus 90 bps. If the prices of the $100 zero-coupon bonds during the term of the loan were as in the table below, what is the amount of MFB Industry's interest payment at the end of the first year? (Round your answer to the nearest cent.) 69 Time (in years) Price (in dollars) 0 99.28 0.25 99.73 0.5 0.75 99.31 99.44 1 99.41 1.25 99.79