In the practice rounds Ferris sold 400(000) units of it High End production capacity, 600(000) units of its Traditional production capacity, and 400(000) units of its Low End capacity generating $15,220(000) in positive cash flow. They used approximately $15,211(000) to retire (early payoff) the following bonds: $6,950(00) with an 11.0 % coupon and $8,050 with a 12.5% coupon. Ignoring the transaction costs, how much interest expenses did Ferris save in Round 1 by retiring those bonds (rounded to nearest $000)?___