I can't figure this one out. There are some already posted on Chegg but I don't think it's correct. Please help!

Construction began on January 1, 2019 and the building was completed on December 31, 2020. January 1, 2019 $1,400,000 January 1, 2020 $3,000,000 March 31, 2019 $900,000 April 30, 2020 $900,000 June 30, 2019 $800,000 September 30, 2020 $800,000 July 31, 2019 $600,000 Building complete December 31, 2020 September 1, 2019 $750,000 On January 1, 2019, ALMO obtained a $8,000,000 construction loan with a 5% interest rate. The loan was outstanding for 2019 and 2020. The company's other interest- bearing debt included two long-term notes of $4,000,000 and $4,000,000 with interest rates of 8% and 7%, respectively. Both notes were outstanding during all of 2019 and 2020. Interest is paid annually. on all debt. The company's fiscal year end is December 31 Construction began on January 1, 2019 and the building was completed on December 31, 2020. January 1, 2019 $1,400,000 January 1, 2020 $3,000,000 March 31, 2019 $900,000 April 30, 2020 $900,000 June 30, 2019 $800,000 September 30, 2020 $800,000 July 31, 2019 $600,000 Building complete December 31, 2020 September 1, 2019 $750,000 On January 1, 2019, ALMO obtained a $8,000,000 construction loan with a 5% interest rate. The loan was outstanding for 2019 and 2020. The company's other interest- bearing debt included two long-term notes of $4,000,000 and $4,000,000 with interest rates of 8% and 7%, respectively. Both notes were outstanding during all of 2019 and 2020. Interest is paid annually. on all debt. The company's fiscal year end is December 31 Using the information above, if the average approach is used the amount of interest capitalized for 2019 should be? (round to the closest whole dollars with no dollar sign but include commas). NOTE: Calculate your interest rate to this level X.XX%