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) Check July 1, 2020 64 October 1, 2020 32 February 1, 2021 40 26 25 11 April 1, 2021 September 1, 2021 October 1, 2021 On July 1, 2020, Crocus obtained a $85 million construction loan with a 6% 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 8%. 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 Multiple Choice $80.80 million. $137.99 million