Question 3: (1, 2, 2 points) On December 31, 2009, Hurston Inc. borrowed $1,000,000 at 12% payable annually to finance the construction of a new building. In 2010, the company made the following expenditures related to this building: March 1st, $360,000; July 1st, $1,600,000; December 1st, $1,200,000. Additional information is provided as follows. Other debt outstanding 10-year, 12% bond, December 31, 2003, interest payable annually $2,000,000 6-year, 10% note, dated December 31, 2007, interest payable annually $4,000,000 What is the weighted average accumulated expenditure