The following transactions pertain to the general borrowings made during 2019 by Company A in connection with the construction of the company's new warehouse:

PrincipalBorrowing Costs

8% bank loanPhp 2,400,000Php. 192,000

6% short-term note1,600,00096,000

8% long-term note2,000,000160,000

The construction started on January 1, 2019 and the warehouse was completed on December 31, 2019.

Expenditures on the warehouse were as follows:

January 1Php 400,000September 30Php 1,000,000

March 311,000,000December 31400,000

June 301,200,000

How much is the capitalizable borrowing cost of Company A?