During 1998 ABC constructed a large shipping center for $600,225,000. Weighted average expenditures for the project were $80,030,000. To help pay for the project, ABC took out a 4% construction loan for $64,020,000. ABC's only other outstanding debt was a loan payable of $240,100,000 with a 5% interest rate. How much interest can ABC capitalize on the project?

$3,201,200

$3,361,300

$3,841,400

$4,001,500