Current Attempt in Progress

Marin Ltd$.$ is constructing a building. Construction began on February $1$ and was completed on December $31.$ Expenditures were HK$$1,511,250$ on March $1,$ HK$$1,017,000$ on June $1,$ and HK$$2,414,250$ on December $31.$

Marin Ltd$.$ had outstanding all year a $10\%,5-$year, HK$$4,720,000$ note payable and an $11\%,4-$year, HK$$4,130,000$ note payable. Determine the amount of borrowing cost that Marin 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$ $$