On January 1, 2016, XYZ Corporation issues a 5,000 face value bond that sold for 90. The bond had a five-year term and paid 10% annual interest. The company used the proceeds from the bond to buy land. The land was leased for 600 of cash revenue per year and was sold at the end of the 5^th year for 4,200 cash.

The amount of the cash outflow for interest expense in 2018 would be?

a. 600 b. 400 c. 500 d. 0