Question: please help Hanson Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $1,620,000 on March 1,

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Hanson Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $1,620,000 on March 1, $1,080,000 on June 1, and $2,700,000 on December 31, Hanson Company borrowed $900,000 on March 1 on a 5-year 10% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 5-year $1,800,000 note payable and an 11%, 4-year $3,150,000 note payable Compute avoidable interest for Hanson Company. Use the weighted average interest rate for interest capitalization purposes. Round "Weighted-average interest rate" to 4 decimal places, es 0.2152 and final answer to decimal places.es 5.275) Avoidable interest $ 247680

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