Question 5 In February 2021, Gift Wrap Inc. (GWI) began the construction of an apartment complex. The construction is expected to be completed by January 2022. During 2021, the following payments were made: April 1: $2,000,000 July 1: $3,000,000 Sept 1: $1,800,000 Dec 1: $1,900,000 No asset specific debt was incurred. During 2021, GWI's general debt consisted of the following: $5,000,000, 4%, 3-year note, $2,400,000, 5.5%, 2-year note, $1,000,000, 3.8%, 4-year note. Required (12 marks): a) Calculate the weighted average accumulated expenditures for the year ended December 31, 2021. Calculate the weighted average capitalization rate on GWI's general-purpose debt for the year ended December 31, 2021. c) Calculate the avoidable borrowing costs. Calculate the amount of GWI's borrowing costs that should be capitalized. b) d) nu