-/15 Question 4 of 15 View Policies Current Attempt in Progress Splish Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $13.000.000 on January 1, 2020. Splish expected to complete the building by December 31, 2020. Splish has the following debt obligations outstanding during the construction period. Construction loan-12% interest, payable semiannually, issued December 31, 2019 $5,200,000 Short-term loan-10% interest, payable monthly and principal payable at maturity on May 30, 2021 3,640,000 Long term loan-11% Interest, payable on January 1 of each year. Principal payable on January 1, 2024 2,600,000 (a) Assume that Splish completed the office and warehouse building on December 31, 2020, as planned at a total cost of $13.520.000, and the weighted average amount of accumulated expenditures was $9,360.000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, c.8. 7.58% for computational purposes and round final answers to decimal places, es. 5.275.) Avoidable Interest $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit