Question 2 View Policies Current Attempt in Progress Pronghorn Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $3,420,000 on March 1, $2.280,000 on June 1, and $5,700,000 on December 31. Pronghorn Company borrowed $1,900,000 on March 1 on a 5-year, 12% note to help finance construction of the building In addition, the company had outstanding all year a 10%, 5 year, $3,800,000 note payable and an 11%, 4 year. $6,650,000 note payable. Compute avoidable interest for Pronghorn 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 decimal places, s. 5.275) Avoidable interest $ eTextbook and Media Assistance Used HKL enter N MIT M pause + shift end