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On January 1, 2019, SJT Corp. made an initial investment of $2,000,000 and construction began on a new factory plant. Construction continued throughout 2019 and

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On January 1, 2019, SJT Corp. made an initial investment of $2,000,000 and construction began on a new factory plant. Construction continued throughout 2019 and was completed on August 30, 2020. The timing of construction expenses (required outlays) and all debt outstanding are provided below. Construction Expense Schedule Date 1/1/2019 4/1/2019 10/1/2019 12/31/2019 5/1/2020 8/30/2020 Construction Cost $2,000,000 $2,000,000 $1,000,000 $3,000,000 $2,000,000 $500,000 Debt Outstanding Debt Construction Loan #1 Construction Loan #2 10 Year Bond issued at par 3 Year Notes Payable Date Initiated 1/1/2019 1/1/2020 1/1/2015 1/1/2018 Amount $3,000,000 $1,000,000 $6,000,000 $2,000,000 Interest Rate 10% 8% 7% 5% What is SJT's weighted average accumulated expenditures (WAAE) as of 12/31/2019? Edit View Insert Format Tools Table Question 3 1 pt What is the weighted average interest rate on non-construction debt in 2019? Question 4 What was actual interest in 2019? 2 pts What was avoidable interest in 2019? Edit View Insert Format Tools Table 12pt v Paragraph v 2 T2 v

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