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View Policies Current Attempt in Progress Nash Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1.956,000 on March 1, $1 236,000 on June 1. and $3,077.810 on December 31. Compute Nash's weighted average accumulated expenditures for interest capitalization purposes Weighted Average Accumulated Expenditures $ Flounder Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2.028.000 on March 1, $1,308,000 on June 1, and $3,091.450 on December 31 Flounder Company borrowed $1.082,890 on March 1 on a 5-year, 13% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $2,243,100 note payable and an 11% 4-year $3,364,500 note payable. Compute the weighted average interest rate used for interest capitalization purposes. (Round answer to 2 decimal places, eg. 7.58%) Weluhted average interest rate %