Oriole Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $2,028,000 on March 1, $1,308,000 on June 1, and $3,091,450 on December 31. Oriole Company borrowed $1,082,890 on March 1 on a 5 -year, 13% note to help finance construction of the building. In addition, the compary had outstanding all year a 10%,5-year, $2.243.100 note payable and an 11%,4 year, $3.364.500 note payable. Compute the weighted-average interest rate used for interest capitalization purposes, (Round answer to 2 decimal ploces, es, 7.58\%) Weighted-average interest rate