Saruman, Inc. began construction of a tower to use as a headquarters on January 1, 2020. The tower qualified for interest capitalization. The dates and amounts of construction expenditures during the year are shown in the table below. Date Amount 01/01/20 $ 5.000.000 03/31/20 6,000,000 10/31/20 3,000,000 12/31/20 1,000,000 Saruman had the following debt outstanding during the entire period of tower construction: $6,000,000 5% bonds $3,000,000 8% long-term note No new loans were required to fund tower construction. Required: Answer the following items. If an amount is zero ($0) you must specify that - leaving a blank response will be scored as incorrect. Round dollar amounts to the nearest whole dollar. Round percentages to 2 decimal places. a) Compute the weighted average interest rate on Saruman's existing debt. b) Compute the actual interest expense incurred during the year. c) Compute the weighted average accumulated expenditures (WAAE) for 2020. I d) Compute the avoidable interest. e) What amount of interest can be capitalized in 2020