\(\$ 20\) million of nondealer real estate obligations arose in and are outstanding at the end of calendar-year 2018. Deferred gross profit on such installment obligations equals \(\$ 5\) million. Assume that the highest tax rate applicable in 2018 is 28 percent and the interest rate for December 2018 is 7 percent. Compute the amount of interest to be paid for 2018 on the amount of deferred gross profit, assuming the property was used in a trade or business.