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On January 1 , 2 0 1 2 , Harrison's, Inc., borrowed $ 9 0 , 0 0 0 at 1 2 % payable annually

On January 1,2012, Harrison's, Inc., borrowed $90,000 at 12% payable annually to finance the construction of a new building. The building was completed December 31,2012. In 2012, the company made the following expenditures related to
this building: March 1,$360,000; June 1,$600,000; July 1,$1,500,000; December 1,$1,200,000; December 31,$300,000.
Additional information is provided as follows:
Other debt outstanding:
10-year, 11% bond.
$4,000,000
6-year, 10% note
$1,600,000
The March 1,2012 expenditure includes land cost of $150,000
Research and development expenses in 2012 were.
$70,000
What is the total amount of the Weighted Average Accumulated Expenditures?
Enter the Number, do NOT use dollar sign, DO USE commas-- if necessary. Question 2
Using the same information from question 1. above:
What is the Weighted Average Interest rate?
Enter the percentage amount, but do NOT use % sign. Use 2 decimal places. For example, if your answer is 13.01%, then you
would type 13.01 as the answer. Question 4
Using the same information from the questions above:
What is the avoidable interest?
Integer, decimal, or E notation allowed

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