A firm which is self-constructing a new factory has Weighted Average Accumulated Expenditure (WAAE) for the year 2012 of $8,000,000. The firm's debt is made up as follows: Specific Construction Loan: $4,000,000 @ 8% per annum Long Term General Loan: $3,000,000 @ 11% per annum Medium Term General Loan: $3,000,000 @ 9% per annum The Accountant calculates the Actual interest expense for the year as: Select one: O a. $1,140,000 O b. None of the these answers c. $1,240,000 d. $400,000 e. $920,000