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9 % loan repayable 2 0 X 9 1 1 1 1 % loan repayable 2 0 Y 2 2 0 Carriageways Co began construction

9% loan repayable 20X91111% loan repayable 20Y220Carriageways Co began construction of a qualifying asset on 1 April 20X8 and withdrew funds of 6 mln on that date to fund construction. On 1 August 20X8 an additional 2 mln was withdrawn for the same purpose.Requested:Calculate the borrowing costs which can be capitalised in respect of this project for the year ended 31 December 20X8.

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