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 $1,202366$

October $1,202334$

February $1,202442$

April $1,202427$

September $1,202426$

October $1,202412$

On July $1,2023,$ the company obtained a $$88$ million construction loan with a $10\%$ interest rate. The loan was outstanding through the end of October, $2024.$ The company's only other interest$-$bearing debt was a long$-$term note for $$100$ million with an interest rate of $9\%.$ 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:

Multiple Choice

$$165\mathrm{.}30$ million.

$$89\mathrm{.}30$ million.

$$146\mathrm{.}54$ million.

$$167\mathrm{.}25$ million.