Bridgeport Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $3,420,000 on March 1, $2,280,000 on June 1, and $5,700,000 on December 31. Bridgeport Company borrowed $1,900,000 on March 1 on a 5-year, 10% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 5-year. $3,800,000 note payable and an 11%, 4-year, 56,650,000 note payable. Compute avoidable interest for Bridgeport 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 $ Vaughn Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,052,000 on March 1, $1,200,000 on June 1, and $3,007,200 on December 31. Vaughn Company borrowed $1,042,720 on March 1 on a 5-year 13% note to help finance construction of the building. In addition, the company had outstanding all year a 9%, 5-year. $2.039.800 note payable and an 10%, 4-year $3,462,500 note payable. Compute the weighted average interest rate used for interest capitalization purposes. (Round answer to 2 decimal places, c.3.7.58%) Weighted average interest rate