The answer i chose was based on calaculting all interest during the year and adding them how did you solve it

18 A firm is capitalizing interest for the construction of a building. To finance the construction, the firm borrowed a 12%, 51,000,000 loan. The firm also has outstanding all-year a 6%, $300,000 loan, and a 7%, $120,000 loan. All interest is payable annually Calculate the amount of actual interest that should be incurred at the end of the year. ut of Select one: a. $146,400 O b. $8,400 c. $120,000 d. $138,000 e. $300,400