Mauzac's general borrowings, outstanding all year, are: a borrowing of 4,000,000 (costs for the year: 280,000) and a borrowing of 6,000,000 (costs for the year: 300,000). Calculate the capitalisation rate for the year.
- Borrowing A
- 4,000,000
- Costs of borrowing A
- 280,000
- Borrowing B
- 6,000,000
- Costs of borrowing B
- 300,000