Text Wrap on Lofted Cylinder For Orthogonal Cut

I'm looking to cut text through the shell so that it makes the letters appear orthogonally to the inner diameter at all points. The only way I've been able to even get the letters on the surface is with a split line projection, but I cannot make a cut from that. I haven't been able to successfully wrap the letters either. Is there a way to do this or any other options?? It doesn't matter if the letters enlarge onto the OD. Any feedback would be extremely helpful! Thank you!

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