please help me solve! Swifty Furniture Company started construction of...
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Swifty Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $3,500,000 on January 1,2025. Swifty expected to complete the building by December 31,2025 . Swifty has the following debt obligations outstanding during the construction period. Construction loan 12% interest, payable semiannually, issued December 31,2024 $1,400,000 Short-term loan-10\% interest, payable monthly, and principal payable at maturity on May 30, 2026 1.050 .000 Long-term loan-11\% interest, payable on January 1 of each year; principal payable on January 1, 2029 700,000 Assume that Swifty completed the office and warehouse building on December 31,2025 , as planned, at a total cost of $3,640,000. and the weighted-average amount of accumulated expenditures was $2,520,000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, e.8. 7.58% for computational purposes and round final answers to 0 decimal places, e.g. 5.275.) Avoidable interest $
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