View Policies Current Attempt in Progress Sweet Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,080,000 on March 1, $720,000 on June 1, and $1,800,000 on December 31. Sweet Company borrowed $600,000 on March 1 on a 5-year, 10% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 5-year, $1,200,000 note payable and an 11%, 4-year, $2,100,000 note payable. Compute avoidable interest for Sweet Company. Use the weighted-average interest rate for interest capitalization purposes. (Round "Weighted- average interest rate" to 4 decimal places, e.g. 0.2152 and final answer to O decimal places, e.g. 5,275.) Avoidable interest $ eTextbook and Media Save for Later Attempts: unlimited Submit Answer