{"pre_text": ["in march 2000 , the company entered into an $ 850 million revolving credit agreement with a syndicate of banks , which provides for a combination of either loans or letters of credit up to the maximum borrowing capacity .", "loans under the facility bear interest at either prime plus a spread of 0.50% ( 0.50 % ) or libor plus a spread of 2% ( 2 % ) .", "such spreads are subject to adjustment based on the company 2019s credit ratings and the term remaining to maturity .", "this facility replaced the company 2019s then existing separate $ 600 million revolving credit facility and $ 250 million letter of credit facilities .", "as of december 31 , 2001 , $ 496 million was available .", "commitment fees on the facility at december 31 , 2001 were .50% ( .50 % ) per annum .", "the company 2019s recourse debt borrowings are unsecured obligations of the company .", "in may 2001 , the company issued $ 200 million of remarketable or redeemable securities ( 2018 2018roars 2019 2019 ) .", "the roars are scheduled to mature on june 15 , 2013 , but such maturity date may be adjusted to a date , which shall be no later than june 15 , 2014 .", "on the first remarketing date ( june 15 , 2003 ) or subsequent remarketing dates thereafter , the remarketing agent , or the company , may elect to redeem the roars at 100% ( 100 % ) of the aggregate principal amount and unpaid interest , plus a premium in certain circumstances .", "the company at its option , may also redeem the roars subsequent to the first remarketing date at any time .", "interest on the roars accrues at 7.375% ( 7.375 % ) until the first remarketing date , and thereafter is set annually based on market rate bids , with a floor of 5.5% ( 5.5 % ) .", "the roars are senior notes .", "the junior subordinate debentures are convertible into common stock of the company at the option of the holder at any time at or before maturity , unless previously redeemed , at a conversion price of $ 27.00 per share .", "future maturities of debt 2014scheduled maturities of total debt at december 31 , 2001 , are ( in millions ) : ."], "post_text": ["covenants 2014the terms of the company 2019s recourse debt , including the revolving bank loan , senior and subordinated notes contain certain restrictive financial and non-financial covenants .", "the financial covenants provide for , among other items , maintenance of a minimum consolidated net worth , minimum consolidated cash flow coverage ratio and minimum ratio of recourse debt to recourse capital .", "the non-financial covenants include limitations on incurrence of additional debt and payments of dividends to stockholders .", "in addition , the company 2019s revolver contains provisions regarding events of default that could be caused by events of default in other debt of aes and certain of its significant subsidiaries , as defined in the agreement .", "the terms of the company 2019s non-recourse debt , which is debt held at subsidiaries , include certain financial and non-financial covenants .", "these covenants are limited to subsidiary activity and vary among the subsidiaries .", "these covenants may include but are not limited to maintenance of certain reserves , minimum levels of working capital and limitations on incurring additional indebtedness .", "as of december 31 , 2001 , approximately $ 442 million of restricted cash was maintained in accordance with certain covenants of the debt agreements , and these amounts were included within debt service reserves and other deposits in the consolidated balance sheets .", "various lender and governmental provisions restrict the ability of the company 2019s subsidiaries to transfer retained earnings to the parent company .", "such restricted retained earnings of subsidiaries amounted to approximately $ 6.5 billion at december 31 , 2001. ."], "table": [["2002", "$ 2672"], ["2003", "2323"], ["2004", "1255"], ["2005", "1819"], ["2006", "1383"], ["thereafter", "12806"], ["total", "$ 22258"]], "table_ori": [["2002", "$2,672"], ["2003", "2,323"], ["2004", "1,255"], ["2005", "1,819"], ["2006", "1,383"], ["Thereafter", "12,806"], ["Total", "$22,258"]]}

Question: prior to the first remarketing date , what is the annual interest cost on the remarketable or redeemable securities ( 2018 2018roars 2019 2019 ) ?
Evidence:
text_7: in may 2001 , the company issued $ 200 million of remarketable or redeemable securities ( 2018 2018roars 2019 2019 ) .
text_11: interest on the roars accrues at 7.375% ( 7.375 % ) until the first remarketing date , and thereafter is set annually based on market rate bids , with a floor of 5.5% ( 5.5 % ) .
Program: multiply(200, const_1000000), multiply(#0, 7.375%)
Answer:
str_answer: 18525000
exe_answer: 14750000