Question 1 of 6 View Show Attempt History Current Attempt in Progress x Your answer is incorrect 0/15 1 Pharoah Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $5,400,000 on March 1, $3,600,000 on June 1, and $9,000,000 on December 31 Pharoah Company borrowed $3,000,000 on March 1 on a 5-year, 10% note to help finance construction of the building in addition the company had outstanding all year a 12% 5-year, $6,000,000 note payable and an 11% 4-year $10,500,000 note payable Compute avoidable interest for Pharoah Company Use the weighted average interest rate for interest capitalization purposes (Round "Weighted average interest rate to 4 decimal places, es 0.2152 and final answer to O decimal places, eg 5,275) Avoidable interest eTextbook and Media Lahe Late 742910 Attempts: 1 of 3 used Ser