Extracted text: In 2021, STA. LUCIA Corporation incurred the following expenses for building construction: P3, 000, 000 200, 000 30, 000, 000 15, 000, 000 6.000, 000 P54, 200, 000 1/2/2021 1/3/2021 2/1/2021 4/1/2021 Б/30/2021 Paid for excavation Paid architect 1" payment to contractor 2d payment to contractor Final payment to contractor Total STA. LUCIA did not get any specific borrowing. Its general borrowings are as follows: | 8%, Notes Payable | 9%, Notes payable Total P40, 000, 000 30, 000, 000 P70, 000, 000 42. How much is capitalized cost of borrowing? a. P1, 295, 196 b. P1, 504, 577 c. P2, 590, 392 d. P3, 009, 153