Question 3 of 8 < > View Policies -/1 Current Attempt in Progress Flint Company is...

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Question 3 of 8 < > View Policies -/1 Current Attempt in Progress Flint Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $4,500,000 on March 1, $3,000,000 on June 1, and $7,500,000 on December 31. Flint Company borrowed $2,500,000 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, $5,000,000 note payable and an 11%, 4-year, $8,750,000 note payable. Compute avoidable interest for Flint Company. Use the weighted-average interest rate for interest capitalization purposes. (Round "Weighted- average interest rate" to 4 decimal places, e.g. 0.2152 and final answer to O decimal places, e.g. 5,275.) Avoidable interest $ Question 3 of 8 < > View Policies -/1 Current Attempt in Progress Flint Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $4,500,000 on March 1, $3,000,000 on June 1, and $7,500,000 on December 31. Flint Company borrowed $2,500,000 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, $5,000,000 note payable and an 11%, 4-year, $8,750,000 note payable. Compute avoidable interest for Flint Company. Use the weighted-average interest rate for interest capitalization purposes. (Round "Weighted- average interest rate" to 4 decimal places, e.g. 0.2152 and final answer to O decimal places, e.g. 5,275.) Avoidable interest $