Akira company had the following loans outstanding for 2018.

Specific construction loan - 1,000,000 - 10%

General loan - 20,000,000 - 12%

The entity began the self construction of a building on january 1 2020 and the building was completed on december 31 2020. The following expenditure were made during the year:

January 1 - 1,000,000

July 1 - 2,000,000

November - 3,000,000

1. What is the capitalizable borrowing cost?

2. What is the cost of the new building?

3. What is the interest expense for 2020?