Magnus Corp is planning to expand the company's overseas operations. It starts construction of a factory in Elantica and obtains a loan of $25 million at an interest rate of 7.5%. The company's directors estimate that the factory will be completed in 5 years. During the construction period, the company invests the borrowed funds in money market instruments and earns $135,000. The amount of interest cost that would be capitalized under U.S. GAAP and IFRS is closest to: U.S. GAAP ($) IFRS ($) 937,500 1,875,000 9,375,000 Row A Row B Row C A B C 924,000 1,740,000 9,240,000