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Show Attempt History Current Attempt in Progress Pronghorn Company is constructing building Construction began on February 1 and was completed on December 31 Expenditures were
Show Attempt History Current Attempt in Progress Pronghorn Company is constructing building Construction began on February 1 and was completed on December 31 Expenditures were $3.420,000 on March 1, 52,280,000 on June 1, and $5.700,000 on December 31. Pronghorn Company borrowed $1,900,000 on March 1 ona 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, 56,650,000 note payable. Compute avoidable interest for Pronyhorn Company. Use the weighted average interest rate for interest capitalizati purposes. (Round "Weighted average Interest rate" to 4 decimal places, 6.8.0.2152 and final answer to decimal places, c. 5.275.) Avoidable interests I e Textbook and Media Assistance Us e Textbook Save for Later Attempts: 2 of 3 used Submit Answ hp backspace home enter
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