On June 1, 2020, the Crocus Company began construction of a new manufacturing plant. The plant was completed on October 31, 2021. Expenditures on the project were as follows ($in millions): July 1, 2020 86 October 1, 2021 On July 1, 2020, Crocus obtained a $118 million construction loan with a 10% interest rate. The loan was outstanding through the end of October, 2021. The company's only other interest-bearing debt was a long-term note for $100 million with an Interest rate of 9%. This note was outstanding during all of 2020 and 2021. The company's fiscal year end is December 31. In computing the capitalized interest for 2021, Crocus' average accumulated expenditures are: October 1, 2020 54 February 1, 2021 62 April 1, 2021 37 September 1, 2021 36 22 Multiple Choice $158.80 million. $236.75 million. $216.04 million. $234.80 million.