The answer is letter B. 630,000. can someone give me detailed and explain in words? Thankyou

Problem 25-8 (LAA) The third year of a construction project of Jamboree Company began with a P3,000,000 balance in construction in progress. in Included in that figure is P600,000 of interest capitalized in the first two years. out Construction expenditures during the third year totaled P2 P8,000,000 which were incurred evenly throughout the entire To year. The entity has over P30,000,000 in interest-bearing debt for outstanding in the third year at a weighted average rate of Ba 9%. Ins What amount of interest for the third year is capitalized? Cor In 360,000 we 630,000 936,000 990,000 t Problem 25-9 (LAA) January