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Bridseport Compary is constructing a building Construction began on February 1 and was completed on December 31. Expendituires were $2,160,000 on March 1. $1,440,000 on

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Bridseport Compary is constructing a building Construction began on February 1 and was completed on December 31. Expendituires were $2,160,000 on March 1. $1,440,000 on June 1, and $3,600,000 on December 31 Bridgcport Company borrowed $1,200,000 on March 1 on a 5 -year, 105 note to help finance construction of the bulitint in atdition? the company had outstanding all year a 12\%, 5-year, $2,400,000 note payable and an 11%, y-year, $4,200.000 note payable. Compute avoidable interest for Bridgeport Company. Use the weighted average interest rate for interest capitalization purposes (Round . "Welghted-overase interest rate" to 4 decienal places, e.s. 0.2152 and final answer to 0 decimal places, e.s. 5,275. Avoldable interest

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