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Using th same information: On December 31, 2011 HarborSide, Inc., borrowed $90,000 at 12% payable annually to finance the construction of a new building. The

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Using th same information: On December 31, 2011 HarborSide, Inc., borrowed $90,000 at 12% payable annually to finance the construction of a new building. The building was completed at the end of 2012. In 2012, the company made the following expenditures related to this building: March 1, $360,000; June 1, $600,000; July 1, $1,500,000; December 1, $1,200,000. Additional information is provided as follows: 1. Other debt outstanding: 10-year, 11% bond.............$4,000,000 6-year, 10% note....... .$1,600,000 2. The March 1, 2012 expenditure includes land costs of $150,000 3. Research and development expenses in 2012........$60,000 What is the total amount of the Weighted Average Interest rate? Enter the percentage amount, but do NOT use % sign. Use 2 decimal places, For example, if your answer is 13.01%, then you would type 13.01 as the

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