Wildcat, Incorporated, has estimated sales (in millions) for the next four quarters as follows:

	Q1	Q2	Q3	Q4
Sales	$ 120	$ 140	$ 160	$ 190

Sales for the first quarter of the following year are projected at $135 million. Accounts receivable at the beginning of the year were $53 million. Wildcat has a 45-day collection period.

Wildcats purchases from suppliers in a quarter are equal to 40 percent of the next quarters forecast sales, and suppliers are normally paid in 36 days. Wages, taxes, and other expenses run about 25 percent of sales. Interest and dividends are $12 million per quarter.

Wildcat plans a major capital outlay in the second quarter of $72 million. Finally, the company started the year with a cash balance of $69 million and wishes to maintain a $30 million minimum balance.

What is the net cash cost (total interest paid minus total investment income earned) for the year?