ACME Incorporated is constructing a building. Construction began on January 02 . and was completed on December 23. Expenditures were $600,000 on January 1 , $300,000 on July 1 , and $600,000 on November 01 . ACME borrowed $600,000 on February 1 on a five-year, 13% note to help finance the building construction. In addition, the company had outstanding all year a $3.4-million, five-year, 10% note payable and a $2-million, four-year, 13% note payable. (a) Calculate ACME's weighted average expenditures financed by general purpose debt. (5 marks) (b) Calculate ACME's avoidable borrowing costs on asset specific debt. (2 marks) (c) Calculate ACME's weighted-average capitalization rate for general-purpose debt. (4 marks)