Required information Problem 14-45 (LO 14-3) (Algo) [The following information applies to the questions displayed below.] Javier and Anita Sanchez purchased a home on January 1, 2020, for $816,000 by paying $272,000 down and borrowing the remaining $544,000 with a 7 percent loan secured by the home. The loan requires interest-only payments for the first five years. The Sanchezes would itemize deductions even if they did not have any deductible interest. The Sanchezes' marginal tax rate is 32 percent. Problem 14-45 Part a (Algo) a. What is the after-tax cost of the interest expense to the Sanchezes in 2020? (Round your intermediate calculations to the nearest whole dollar amount.) After-tax cost of the interest expense