Metlock Company is constructing a building. Construction began on February and was completed
on December Expenditures were $ on March $ on June and
$ on December
Metlock Company borrowed $ on March on a year, note to help finance
construction of the building. In addition, the company had outstanding all year a year,
$ note payable and an year, $ note payable. Compute avoidable
interest for Metlock Company. Use the weightedaverage interest rate for interest capitalization
purposes. Round weightedaverage interest rate to decimal places, eg and final answer to
decimal places, eg
Avoidable interest $
