Waterway Industries is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6,500,000 on March 31, $5,280,000 on June 1, and $8,550,000 on December 31. Waterway Industries borrowed $3,200,000 on January 1 on a 5- year, 13% note to help finance construction of the building. In addition, the company had outstanding all year a 11%, 3-year, $6,420,000 note payable and an 12%, 4-year, $12,450,000 note payable. What are the weighted average accumulated expenditures? O $20,330,000 O $7,955,000 $8,550,000 O $8,496,667