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Ranger Company is constructing a building. Construction began on January 1 and was completed on December 31. Weighted average accumulated expenditures totaled $7,500,000. Ranger borrowed

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Ranger Company is constructing a building. Construction began on January 1 and was completed on December 31. Weighted average accumulated expenditures totaled $7,500,000. Ranger borrowed $3,500,000 on January 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 3-year, $6,400,000 note payable and an 11%, 4-year $12,000,000 note payable. What is the avoidable interest for Ranger Company? $573,000 $939,220 O $840,000 O $846,000

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