212,073 was a previous incorrect answer

Current Attempt in Progress Your answer is incorrect. Marigold Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,440,000 on March 1, $960,000 on June 1, and $2,400,000 on December 31. Marigold Company borrowed $800,000 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, $1,600,000 note payable and an 11%, 4-year, $2,800,000 note payable. Compute avoidable interest for Marigold Company. Use the weighted average interest rate for interest capitalization purposes. (Round "Weighted average interest rate" to 4 decimal places, eg. 0.2152 and final answer to 0 decimal places, e.g. 5,275.) Avoidable interest $ e Textbook and Media Attempts: 4 of 6 used Submit Answer Save for Later Last saved 34 minutes ago. Saved work will be auto-submitted on the due date. Auto