Weighted average accumulated expenditures are $240,000 on a project for which work steadily progressed during the current year. The following debt was outstanding during the current year. Construction loan Note payable Mortgage payable $60,000 at 10% $300,000 at 8% $90,000 at 12% a. Compute the weighted average interest rate on the general debt. Calculation of weighted average interest rate Numerator + Denominator = General Debt $ 0 $ 0 Rate 96 b. Calculate avoidable interest for the purpose of interest capitalization. Note: Use the interest rate calculated above EXACTLY as shown in your calculations below. Note: Round dollar amounts to the nearest whole dollar. Accumulated Debt Calculation of Avoidable Interest Weighted Average Avoidable Interest Category Expenditures Rate Interest Specific Debt $ 0 0% $ 0 General Debt 0 0% 0 $ 0 $ 0