Current Attempt in Progress Cheyenne Company is constructing a building. Construction begar on February 1 and was completed on December 31. Expenditures were $ 4,500,000 on March 1, $3,000,000 on June 1, and $ 7,500,000 on December 31. Cheyenne Company borrowed $ 2,500,000 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 $ 5,000,000 note payable and an 11%, 4-year. $ 8,750,000 note payable. Compute avoidable interest for Cheyenne Company. Use the weighted average interest rate for interest capitalization purposes. (Round "Weighted average interest rate" to 4 decimal places, e.g. 0.2152 and final answer to decimal places, eg. 5,275.) Avoidable interest e Textbook and Media Save for Later Attempts:0 of 3 used Submit