On June $1,2023,$ a company began construction of a new manufacturing plant. The plant was completed on October $31,2024.$ Expenditures on the project were as follows $($$ in millions$)$:

July $1,202354$

October $1,202322$

February $1,202430$

April $1,202421$

September $1,202420$

October $1,20246$

On July $1,2023,$ the company obtained a $$70$ million construction loan with a $6\%$ interest rate. The loan was outstanding through the end of October, $2024.$ The company's only other interest$-$bearing debt was a long$-$term note for $$100$ million with an interest rate of $8\%.$ This note was outstanding during all of $2023$ and $2024.$ The company's fiscal year$-$end is December $31.$

In computing the capitalized interest for $2024,$ the average accumulated expenditures are:

Group of answer choices

$$46\mathrm{.}30$ million.

$$103\mathrm{.}54$ million.

$$122\mathrm{.}30$ million.

$$124\mathrm{.}25$ million.