Given the following, determine the total interest carried during construction:

Total Project Value: $7,474,602

LTVR: 80%

Interest Rate: 5.9%

Percent Complete this Period:

Draw 1 10.6%

Draw 2 8.25%

Draw 3 6.6%

Draw 4 5.2%

Draw 5 9.22%

Draw 6 9.7%

Draw 7 10.77%

Draw 8 6.5%

Draw 9 8.5%

Draw 10 7.76%

Draw 11 8.9%

Draw 12 8%

Provide your answers without dollar signs and commas, please provide two significant digits.