Bramble Ltd$.$ is constructing a building. Construction began on February $1$ and was completed on December $31.$ Expenditures were HK$$1,522,500$ on March $1,$ HK$$1,026,000$ on June $1,$ and HK$$2,416,500$ on December $31.$

Bramble Ltd$.$ had outstanding all year a $10\%,5-$year, HK$$4,960,000$ note payable and an $11\%,4-$year, HK$$4,340,000$ note payable.

Determine the amount of borrowing cost that Bramble Ltd$.$ would capitalize. Use the capitalization rate used for borrowing cost capitalization purposes. $($Round "Capitalization rate" to $2$ decimal places, e$.$g$.2\mathrm{.}51$ and final answer to $0$ decimal places, e$.$g$.5,275.)$

Borrowing cost capitalization