Use the information below to answer questions 4 through 6

Arlington Co. is constructing a building. Construction began on January 1^stand completed on December 31.

Expenditures were $2,400,000 on March 1, $1,980,000 on June 1, and $3,000,000 on December 31.

Debt Outstanding for Construction

$1,200,000 on January 1 on a 5-year, 12% note payable.

General Debt outstanding

10%, 3-year, $1,400,000 note payable

12%, 4-year, $4,600,000 note payable.

Other information

Interest revenues of $25,000 earned from specific borrowing

Accordingly, The weighted average of expenditure is: