Current Attempt in Progress Monty Company is constructing a building Construction betan on February 1 and was completed on December 31. Expenditures were $1,980,000 on March 1. $1.320.000 on June 1, and $3,300,000 on December 31 Monty Company borrowed $1,100,000 on March 1 ona 5.year 10% note to help finance construction of the building. In addition, the company had outstanding all year a 12% 5-year, $2,200.000 note payable and an 11%, 4-year $3,850,000 note payable Compute avoidable interest for Monty Company. Use the weighted average interest rate for interest capitalization purposes. (Round Weighted-average Interest rate" to 4 decimal places, e.g. 02152 and final answer to decimal places, eg 5,275) Avoidable interest eTextbook and Media Save for Later Attempts: 0 of 3 used Submit