On June 1, 2020, the Montana Corp. began construction of a new plant facility outside of San Luis Obispo. The plant was completed on October 31, 2021. Expenditures on the project were as follows ($ in millions): Selected Amounts July 1, 2020 54 October 1, 2020 22 February 1, 2021 30 April 1, 2021 21 September 1, 2021 20 October 1, 2021 6 On July 1, 2020, Montana obtained a $60 million construction loan with a 7% interest rate. The loan was outstanding through the end of October, 2021. The company's only other interest-bearing debt was a long-term note for $150 million with an interest rate of 4%. This note was outstanding during all of 2020 and 2021. The company's fiscal year-end is December 31. What is the amount of interest that Montana should capitalize in 2021, using the specific interest method? O $7.262.500 O $6,052.083 $5,650,000 O. $6,780,000