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Grouper Company is constructing a building Construction began on February 1 and was completed on December 31 Expenditures were $ 1.620,000 on March 1.5 1.080,000

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Grouper Company is constructing a building Construction began on February 1 and was completed on December 31 Expenditures were $ 1.620,000 on March 1.5 1.080,000 on June 1, and $2.700,000 on December 31. Grouper Company borrowed $ 900,000 on March 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 $1,800,000 note payable and an 11%, 4.year $ 3,150.000 note payable Compute woldable interest for Grouper Company. Use the weighted-werage interest rate for interest capitalization purposes. (Round Weighted average interest rate to 4 decimal places, eg. 0.2152 and final answer to decimal places, c.8. 5.275) Avoidable interest

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