Question: The table below provides selected financial data for the Vogon Construction Co. in Years t and t-1. Interest Expense Short-Term Debt Long-Term Debt Total

The table below provides selected financial data for the Vogon Construction Co.

The table below provides selected financial data for the Vogon Construction Co. in Years t and t-1. Interest Expense Short-Term Debt Long-Term Debt Total Liabilities Selected Financial Information Vogon Construction Co. Year t-1 Year t 32.4 61.0 67.1 140.0 35.3 461.0 388.4 The company pays an average interest rate of 6% on its borrowed funds. What is the interest expense in Year t? Round your answer to one decimal place.

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