On July 1, 2023, the company obtained a $86 million construction loan with a 10% interest rate. The loan was outstanding through the end of October, 2024. The company's only other interest-bearing debt was a long-term note for $100 million with an interest rate of 11%. This note was outstanding during all of 2023 and 2024. The company's fiscal year-end is December 31.

What is the amount of interest that should be capitalized in 2023, using the specific interest method?