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A building was constructed on land purchased last year at a cost of $$150,000.$ Construction began on February $1$ and was completed on November $1.$ The payments to the contractor were as follows.

Date

Payment

$2/1$

$$120,000$

$6/1$

$360,000$

$9/1$

$480,000$

$11/1$

$100,000$

To finance construction of the building, a $$600,000,12\%$ construction loan was taken out on $$February $1.$ The loan was repaid on November $1.$ The firm had $$200,000$ of other outstanding debt during the year at a borrowing rate of $8\%.$

What is the capitalization period for this building? Calculate the weighted average accumulated expenditures.