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2. Buster, Inc. decides to construct its own office building. Construction begins on January 1, 2022. Buster, Inc. makes the following payments for the construction
2. Buster, Inc. decides to construct its own office building. Construction begins on January 1, 2022. Buster, Inc. makes the following payments for the construction throughout 2022: Date Construction Expenditure 1/1/22 $20,000) 4/1/22 (40,000 5/1/22 (30,000 (80,000 10,000 7/1/22 12/31/22 Int Buster, Inc. does not have a specific construction loan for the project. However, the company has various general loans outstanding, as follows: 5-year, $800,000, 6% Loan Payable 10-year, $90,000, 4% Note Payable 20-year, $1,500,000, 7% Bonds Payable Based on this information, what is Buster Inc.'s weighted-average interest rate during 2022? Enter your answer as a decimal point to the nearest thousandth (e.g., 10.797% would be entered as 0.108). 3. Based on this information, what is Buster Inc.'s weighted-average accumulated expenditures for this project in 2017
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