X + yplus.com/courses/35821/assignments/3753655 Q Paused 0/3 Question 20 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Kingbird Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $3,240,000 on March 1, $2,160,000 on June 1, and $5,400,000 on December 31. Kingbird Company borrowed $1,800,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 5.fear, $3,600,000 note payable and an 11%, 4-year, 56,300,000 note payable. Compute avoidable interest for Kingbird Company. Use the weighted- average interest rate for interest capitalization purposes. (Round "Weighted average interest rate" to 4 decimal places, es. 0.2152 and final answer to decimal places, es 5,275) Avoidable interest $ 240408 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer ht Assignment sent to Gradebook. Your grade is being recorded Sun May 10, 2020 10215MA LOA 7 00 X + yplus.com/courses/35821/assignments/3753655 Q Paused 0/3 Question 20 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Kingbird Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $3,240,000 on March 1, $2,160,000 on June 1, and $5,400,000 on December 31. Kingbird Company borrowed $1,800,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 5.fear, $3,600,000 note payable and an 11%, 4-year, 56,300,000 note payable. Compute avoidable interest for Kingbird Company. Use the weighted- average interest rate for interest capitalization purposes. (Round "Weighted average interest rate" to 4 decimal places, es. 0.2152 and final answer to decimal places, es 5,275) Avoidable interest $ 240408 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer ht Assignment sent to Gradebook. Your grade is being recorded Sun May 10, 2020 10215MA LOA 7 00