V.) Acquisition of PP&F (15 points) 1.) SOAPCO started construction of a new bear manufacturing facility at an estimated cost of $15,000,000 on 1/1/09. The project was completed on 12/31/09. Expenditures were made as follows: 1/1 $7,000,000 3,000,000 3,000,000 2,000,000 9/1 10/1 SOAPCO has the following debt obligations outstanding during the construction period: Construction loan: 12% interest, payable annually Short term loan: 12% interest, payable annually Long term loan: 9% interest, payable annually $9,000,000 6,000,000 3,000,000 Given the information above, please compute the capitalized interest on the project (12 points)? 2.) On 2/1/09 SOAPCO purchased three assets for $4,800,000. Given the information below, how much should be allocated to each asset (3 points)? Asset Fair Market Value $2,250,000 2,000,000 750,000