[ 11 ] Sun Co. was constructing fixed assets that qualified for interest capitalization. Sun had the following outstanding debt issuances during the entire year of construction: 0 $6,000,000 face value, 8% interest 0 $8,000,000 face value, 9% interest None of the borrowings were specified for the construction of the qualified fixed asset. Average expenditures for the year were $1,000,000. What interest rate should Sun use to calculate capitalized interest on the construction? A. 8.00% B. 8.50% C. 8.57% D. 9.00%