Part b On 30 September 2019 Zebra Ltd started with the construction of a plant which will take a considerable period of time to complete. The expenses on the project were paid as follows: Period 30 September 2019 31 October 2019 30 November 2019 31 December 2019 NS 50 000 20 000 60 000 80 000 The year-end of Zebra Ltd is 31 December of each year. The following scenarios are available: Case 1: A loan of N$300 000 was acquired on 30 September 2019 specifically for purpose of erection of the plant. The loan carries interest at a market related interest rate of 16% per annum, payable annually in arrears. The full loan was taken up on 30 September 2019. Surplus funds that resulted from the loan were invested temporarily and earned interest income of N$10 000. Case 2: The erection of the plant is financed by way of a loan of N$500 000 that Zebra Ltd entered into on 1 July 2019 for general business purposes. The loan carries interest at a market related rate of 18% per annum that is payable monthly. Case 3: The erection of the plant is financed by way of a facility of N$300 000 that was acquired on 30 September 2019 specifically for purpose of financing the erection of the plant. The facility carries interest at a market related interest rate of 16% per annum payable monthly in arrears. Required: 1.3 For each of the cases above calculate the borrowing costs to be capitalized for 15 2019