UMPI Company is constructing a building. Construction began on January $1$ and was completed on December $31.$ Expenditures were $$6,400,000$ on March $1,$ $$5,280,000$ on June $1,$ and $$8,000,000$ on December $31.$ UMPI Company borrowed $$3,200,000$ on January $1$ on a $5-$year, $12\%$ note to help finance construction of the building. In addition, the company had outstanding all year a $10\%,3-$year, $$6,400,000$ note payable and an $11\%,4-$year, $$12,000,000$ note payable.

What is the actual interest?

$2,376,000$

$1,960,000$

$939,220$

$2,344,000$