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 (a) ( X Your answer is incorrect

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 (a) ( X Your answer is incorrect. Assume that Riverbed completed the office and warehouse building on December 31, 2022, as planned at a total cost of € 4,394,000. The following expenditures were made during the period forthis project: January 1, € 845,000; April 1, € 1,245,000; July 1, € 1,645,000; and October 1, € 560,000. Excess funds from the construction loans were invested during the period and earned € 17,800 of investment income. Compute the amount of borrowing costs to be capitalized for this project. (Use interest rates rounded to 2 decimal places, e.g. 7.58% for computational purposes and round final answers to O decimal places, e.g. 5,275.) Borrowing costs € 366745 e Textbook and Media Save for Later Attempts: 1 of 2 used Submit Answer