On June 1, 2017, the Refract Company began construction of a new manufacturing plant. The plant was completed on October 31, 2018. Expenditures on the project were as follows ($ in millions): July 1, 2017 $54, October 1, 2017 $22, February 1, 2018 $30, April 1, 2018 $21, September 1, 2018 $20, and October 1, 2018 $6. On July 1, 2017, Refract obtained a $70 million construction loan with a 6% interest rate. The loan was outstanding through the end of October, 2018. The company's only other interest-bearing debt was a long-term note for $100 million with an interest rate of 8%. This note was outstanding during all of 2017 and 2018. The company's fiscal year-end is December 31. What's the amount of interest that Refract should capitalize in 2017, using the specific interest method?