A timber company with a 25-year lease incurred development expenditure of K9 million in 2018 in constructing housing (with an expected life of 12 years) for employees. Calculate deductible tax allowances for the first three years of the project in respect of the above expenditure?
A. K 150,000
B. K 375,000
C. K1.5 million
D. K2 25 million