Pronghorn company is constructing a building. construction began on february 1 and was completed on december 31. expenditures were $1,800,000 on march 1, $1,200,000 on june 1, and $3,097,420 on december 31. pronghorn company borrowed $1,050,550 on march 1 on a 5-year, 13% note to finance construction of the building. in addition, the company had outstanding all year a 10%, 5-year, $2,080,800 note payable and an 11%, 4-year, $3,831,200 note payable. compute the weighted-average interest rate used for interest capitalization purposes. (round answer to 2 decimal places, e. g. 7.58%.)

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.