5. Arlington Company is constructing a building. Construction began on January I and was completed on December 31. Expenditures were $1,920,000 on March 1, $1,584,000 on June 1, and $2,400,000 on December 31. Arlington Company borrowed $960,000 on January 1 on a 5- year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 3-year, $1,920,000 note payable and an 11%, 4-year, $3,600,000 note payable. What is the avoidable interest for Arlington Company? a. $115,200 b. $131,605 C. $281,766 d. $371,046