Whispering Ltd$.$ is constructing a building. Construction began on February $1$ and was completed on December $31.$ Expenditures were HK$ $1,470,000$ on March $1,$ HK$$984,000$ on June $1,$ and HK$$2,406,000$ on December $31.$ Whispering Ltd$.$ had outstanding all year a $12\%,5-$year, HK$$3,840,000$ note payable and on $13\%,4-$year, HK$$3,360,000$ note payable. Determine the amount of borrowing cost that Whispering Ltd$.$ would capitalize. Use the capitalization rate used for borrowing cost capitalization purpose