Outlaws is a general goods retail chain in the High Plains region. Outlaws is forecasting its financial statements for Year 3. Selected financial information for Years 1 and 2 is provided in the table. What is the interest expense for Outlaws in Year 3? (Assume that Outlaws average cost of debt is 6.25%.)

Looking for the process work to find the solution of $308.

Selected Financial Information Outlaws Inc. ($ millions) Year 1 Year 2 Short Term Debt Long Term Debt Interest Expense 627 715 4,194 4,208 277 $263 $209 $243 *$308 $295 A) B) D) E)