During the first quarter of the operating year, Computer Accessories Co. began construction of its new world headquarters building at a cost of $60,000,000. The building will be initially financed with 30% internal equity (9% cost of equity) with the remainder from a $30,000,000 construction loan (three annual $10,000,000 payments plus interest at 6%) and its general debt facilities (8% weighted average interest rate). Assuming that Computer Accessories Co. incurred average accumulated expenses of $54,000,000 pertaining to the building construction during the year and had actual borrowing costs of $2,440,000, what amount of capitalized interest cost would be recognized by the company at year-end? A. $2,440,000 B. $2,280,000 C. $3,900,000 D. $2,520,000