Question: Problem I ( 2 2 pts ) In 2 0 2 4 , Dobbs Corporation engaged Kiner, Inc. to design and construct a complete modemization

Problem I (22 pts) In 2024, Dobbs Corporation engaged Kiner, Inc.

Problem I (22 pts)
In 2024, Dobbs Corporation engaged Kiner, Inc. to design and construct a complete modemization of Dobbs's manufacturing facility. Construction began on March 1,2024 and was completed on March 1,2025. Dobbs made the following payments to Kiner, Inc. during 2024:
\table[[Date,Payment],[March
Compute avoidable interest incurred during 2024.(Round the interest rate to two decimal places in percentage, i.e.,.%
Compute total amount of interest cost to be capitalized during 2024.(6 pts)1,2024,$1,800,000
to design and construct a complete modemization of Dobbs's manufacturing facility. Construction

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