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18. Agasse Industries began construction of a new facility and took out a $1,500,000, 8% construction loan on April 1, 2016. Agasse made payments to

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18. Agasse Industries began construction of a new facility and took out a $1,500,000, 8% construction loan on April 1, 2016. Agasse made payments to the general contractor of $427,000 on April 1, $927,000 on August 31, and $527,000 on December 31 Compute the amount of interest that Agasse would capitalize in 2016. (Do not round intermediate acBook Air esc FI FS 4 8

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