apter 10 Question 4 of 9 -11 view Policies Current Attempt in Progress Ivanhoe Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditure were $3,600,000 on March 1, $2,400,000 on June 1, and $6,000,000 on December 31. Ivanhoe Company borrowed $2,000,000 on March 1 on a 5-year, 10% note to help finance construction of the building. In additio the company had outstanding all year a 12%, 5-year, $4,000,000 note payable and an 11%, 4-year, $7,000,000 note payable. Compute avoidable interest for Ivanhoe Company. Use the weighted average interest rate for interest capitalization purposes. (Round "Weighted-average interest rate" to 4 decimal places, eg, 0.2152 and final answer to O decimal places, eg. 5,275.) Avoidable interest $ e Textbook and Media Save for Later Attempts: unlimited Submit Answe