I require an accurate 100% correct detailed solution. Thank you

Question 5 Horizons plc had the following bank loans outstanding during the whole of 20X8 which form the company's general borrowings for the year: 10% loan repayable 20X9 8% loan repayable 20Y2 Em 50 150 Horizons plc began construction of a qualifying asset on 1 May 20X8 and withdrew funds of 9 million on that date to fund construction. On 1 September 20X8 an additional 12 million was withdrawn for the same purpose. Calculate the borrowing costs which can be capitalised in respect of this project for the year ended 31 December 20X8. A. 850,000 B. 1,000,000 C. 1,785,000 D. 1,083,750 E. 701,250