Wayne Enterprises issued ten$-$year, $6\%$ bonds with a total face value of $$1,750,000.$ The bonds make a cash interest payment each year on December $31.$ The proceeds of the issuance will be used to invest in state$-$of the$-$art freezers in all stores. At the time of the issuance, the market rate was $7\%.$ What is Wayno's total interest expense over the life of the bonds?

$$1,627,087\mathrm{.}32$

$$1,050,000,00$

$$1,096,198,48$

$$1,172,912,68$