Kieso, Intermediate Accounting, 16e Intermediate Accounting (ACCT 300A/ 300B 10N BACK Brief Exercise 10-3 $1,200,000 on June 1, and $3,058,670 on December 31 Grouper Company borrowed $1,018,620 on March 1 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, $2,005,300 note payable 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 places, e.g. 7.58%.) Question Attempts: 0 of s used SAVE FOR LATERSUBHIT ANSWER All Rights R