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confused, thanks for any help 7. Arlington Company is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were

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7. Arlington Company is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6,400,000 on March 1, S5,280,000 on June 1, and $8,000,000 on December 31. Arlington Company borrowed $3,200,000 on January 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 3-year, $6,400,000 note payable and an 11%, 4-year, $12,000,000 note payable. What is the avoidable interest for Arlington Company (choose the closest number)? A) $384,000 B) $1,236,820 C) $438,682 D) $939,220

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