Hercules Inc. got a $$10$ million, $4\%,10-$year construction loan on February $1,20$X$1,$ and began constructing its office building on March $1,20$X$1.$ The construction was completed on November $30,20$X$1$ at the total accumulated expenditures of $$30$ million incurred evenly throughout the construction period. Hercules also has $$35,000,000,6\%$ bonds payable during the construction period. The company's fiscal year$-$end is December $31.$ How much interest should Hercules capitalize in $20$X$1$ if it uses the specific interest method?

a$.$ $$1,200,000$

b$.$ $$700,000$

c$.$ $$1,600,000$

d$.$ $$525,000$