Avoidable interest

Pronghorn Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,880.000 on March 1 $1.920,000 on June 1, and $4,800,000 on December 31 Pronghorn Company borrowed $1,600,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 8%, 5-year, $3.200,000 note payable and an 11%, 4-year, 55,600,000 note payable Compute avoidable interest for Pronghorn Company. Use the weighted average interest rate for interest capitalization purposes. (Round "Weighted average interest rate" to 4 decimal places, es 0.2152 and final answer to decimal places, s. 5,275) Avoidable interests