Time Watch Co. has $67 million in earnings and is considering paying $7.70 million in interest to bondholders and $6.35 million to preferred stockholders in dividends. Use Table 17-4. What are the bondholders' contractual claims to payment? (Do not round intermediate calculations, Enter your answer in millions rounded to 2 decimal places (e.g., $1.23 million should be entered as "1.23 ).) Table 174 Features of alternative security issues