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Pat Company is constructing a bolding Construction began on February 1 and was completed on December 31. Expenditures were $20M March 1.51.920000 on June 1.

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Pat Company is constructing a bolding Construction began on February 1 and was completed on December 31. Expenditures were $20M March 1.51.920000 on June 1. and 54300100 on December 31 Pean Company terrowed $1.500.000 on March 1on a year, 10% nate to help finance construction of the building In addition, the company had outstanding all year a 12%, 5-year 53.200.000 nate payable and an 11%, 4-year, 55.500.000 note payable. Compute arte interest for Pearl Company. Use the weighted average interest rate for interest capitalization purposes. (Round "Weighted- erug interest rate to 4 decimal places, 2 02152 and final grower to decimal places, es 5,275.) $

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