Addison Wholesalers is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6,400,000 on March 1; $5,280,000 on June 1; and $8,000,000 on December 31. On January 1, Addison borrowed $3,200,000 on a 5-year, 12% construction loan. In addition, the company had outstanding all year a 10%, 3-year $6,400,000 note payable and an 11%, 4-year, $12,000,000 note payable.

What is the avoidable interest for Addison Wholesalers?

	A.	$1,236,820
	B.	$432,682
	C.	$384,000
	D.	$939,220