Current Attempt in Progress Whispering Company is constructing a buiking. Construction began on February 1 and was completed an December 31 . Expenditures were $1,920,000 on March 1, $2,200,000 on june 1, and \$3,058,670 on December 31. Whispering Company borrowed $1,018,620 on March 1 on a 5 -year, 12% note to belp finance construction of the building In addition. the company had outstanding all year a 10%,5 ycar, $2,005,300 note payabie and an 11%,4 year, $3,444,000 note payable, Compute the weighted-average interest rate used for interest capitalization purposes. (Round answer to 2 decimal ploces, eg. 7.58\%.) Weighted-averabe interestrate Attempts: 0 of 1 used