View Policies Current Attempt in Progress NashFurniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $2,500,000 on January 1, 2020. Nash expected to complete the building by December 31, 2020. Nash has the following debt obligations outstanding during the construction period. Construction loan-12% interest, payable semiannually, issued December 31, 2019 $1,000,000 Short-term loan-10% interest, payable monthly, and principal payable at maturity on May 30,2021 700,000 Long-term loan-11% interest, payable on January 1 of each year. Principal payable on January 1, 2024 500,000 (a) Assume that Nash completed the office and warehouse building on December 31, 2020, as planned at a total cost of $2,600.000, and the weighted-average amount of accumulated expenditures was $1,800,000. Compute the avoidable interest on this project (Use interest rates rounded to 2 decimal places, eg. 7.58% for computational purposes and round final answers to O decimal places, e.g. 5,275.) Avoidable Interest S Save for Later Attempts: 0 of 5 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above