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Sunland Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $9,000,000 on January 1,

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Sunland Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $9,000,000 on January 1, 2025. Sunland expected to complete the building by December 31,2025 . Sunland has the following debt obligations outstanding during the construction period. (a) Assume that Sunland completed the office and warehouse building on December 31, 2025, as planned, at a total cost of $9,360,000, and the weighted-average amount of accumulated expenditures was $6,480,000. Compute the avoidable interest on this project. (Use interest rotes rounded to 2 decimal ploces, es. 7.58% for computational purposes and round final answers to 0 decimal ploces, eg. 5.275.) Avoidable interest

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