Coronado Ltd$.$ is constructing a building. Construction began on February $1$ and was completed on December $31.$ Expenditures were HK$$1,518,750$ on March $1,$ HK$$1,023,000$ on June $1,$ and HK$$2,415,750$ on December $31.$

Coronado Ltd$.$ had outstanding all year a $8\%,5-$year, HK$$4,880,000$ note payable and an $9\%,4-$year, HK$$4,270,000$ note payable. Determine the amount of borrowing cost that Coronado 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

HK$