On June 1, 2023, a company began construction of a new manufacturing plant. The plant was completed on October 31, 2024, Expenditures on the project were as follows ($ in millions): July 1, 2023 64 October 1, 2023 32 February 1, 2024 40 April 1, 2024 26 September 1, 2024 October 1, 2024 25 11 On July 1, 2023, the company obtained a $85 million construction loan with a 6% 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 8%. 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 2024, using the specific interest method? Note: Round your answers to the nearest thousand.