Cash company begins a two-year project on January 1, 2016.

The company borrows $9 million on January 1, 2016 at 12%, specifically for this project.

The company's other borrowings are:

$15 million at 12%

$81 million at 9%

The following expenditures are made

Jan 1, 2016: $4,000,000

March 31, 2016: $2,400,000

Sept 1, 2016: $8,500,000

May 30, 2017: $8,000,000

July 1, 2017: $400,000

The project was completed on september 30, 2017

Calculate the total cost of the project. Show all supporting calulation