stion The information on a company's financing for construction of a manufacturing facility is given below. Borrowed NZ$12,000,000 at a rate of 11%. Issued NZ$2,000,000 of preferred shares with dividend rate of 8% Temporarily invested NZ$1,000,000 of the loan proceeds for the first six months of construction and eamed 8% (APR) on that account. Under IFRS, the amount of financing costs to be capitalized in the first year is closest to Select one A NZ$1,440,000 B. NZ$1,480,000 C. NZ$1,320,000 D. NZS1 280.000