*BE10.23 (LO 2, 8) Brent Hill Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1.5 million on March 1, $1.2 million on June 1, and $3 million on December 31. Calculate Brent Hill's weighted-average accumulated expenditures that would be used for capitalization of borrowing costs. *BE10.24 (LO 2, 8) Brent Hill Company (see BE10.23) borrowed $1 million on March 1 on a five-year, 12% note to help finance the building construction. In addition, the company had outstanding all year a $2-million, five-year, 13% note payable and a $3-5-million, four-year, 15% note payable. Calculate the appropriate capitalization rate on general borrowings that would be used for capitalization of borrowing costs. Round to two decimal places