. . 25. (3 points) B constructed a warehouse for its own use. B started construction on January 1 and completed construction on December 31. Construction expenditures were as follows: $750,000 on January 1 $840,000 on March 31 $360,000 on May 1 $720,000 on July 31 $240,000 on September 1 $120,000 on December 31 During the entire year B had the following outstanding notes payable; none of the notes were issued to specifically fand the warehouse construction : A 3.00%, S-year $4,000,000 note payable A 5.00% 15-year $3,000,000 note payable A 4.20%, 10-year $2,000,000 note payable A 2.50%, 4-year $15,000,000 note payable What were B's total interest costs for the year? b) What amount of interest should B capitalize on this construction project? c) What was B's interest expense for the vear? When necessary, round any interest rate as follows: 4.87396 - 4.9% while 3.314% - 3.3%