Question: Calculating Avoidable Interest Weighted average accumulated expenditures are $560,000 on a project for which work steadily progressed during the current year. The following debt was

Calculating Avoidable Interest Weighted average accumulated expenditures are $560,000 on a project for which work steadily progressed during the current year. The following debt was outstanding during the current year. a. Compute the weighted average interest rate on the general debt. 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

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