Question: X Your answer is incorrect. Shamrock Company is constructing a building Construction began on February 1 and was completed on December 31 Expenditures were $900.000

X Your answer is incorrect. Shamrock Company is constructing a building Construction began on February 1 and was completed on December 31 Expenditures were $900.000 on March 1, $600,000 on June 1, and $1,500,000 on December 31. Shamrock Company borrowed $500,000 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 $1.000.000 note payable and an 11%. 4-year $1.750.000 note payable. Compute avoidable interest for Shamrock Company. Use the weighted average interest rate for interest capitalization purposes. (Round "Weighted average interest rate" to 4 decimal places, eg. 0.2152 and final answer to O decimal places, eg. 5,275.) Avoidable interest $ 86,960

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