On January 1, 2019, P&G issued 10-year zero coupon bonds with a par value of $1,000,000. The market interest rate is 10% per annum at the time of the issue, compounded semi-annually. (Hint: that is, the market expects a return of 5% for every six months.) Determine the total interest expense that P&G, would recognize in its income statement for the fiscal year ending 12/31/2020.