Maleo Co. began construction of a new piece of equipment on January 1, 2020. Weighted average expenditures for the project were $80,030,000. Maleo Co.'s only outstanding debt was a note payable of $480,180,000 with a 5% interest rate that was outstanding all year. How much interest can Maleo Co. capitalize on the project?

		$84,031,500
		$24,009,000
		$4,001,500
		$0