Hanson Company was constructing a building in 2019. Construction began on February 1 and was completed on December 31. Expenditures were $1,800,000 on March 1, $1,200,000 on June 1, and $3,000,000 on December 31. Hanson Company borrowed $1,000,000 at the beginning of the year on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $2,000,000 note payable and an 15%, 4-year, $3,000,000 note payable for general financing needs of the company. Compute Hanson's weighted average accumulated expenditures for interest capitalization purposes: Compute the weighted average interest rate used for interest capitalization purposes: Compute avoidable interest for Hanson Company: Compute Amount of interest cost to be capitalized