Blue Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $13,500,000 on January 1, 2025. Blue expected to complete the building by December 31, 2025. Blue has the following debt obligations outstanding during the construction period. Construction loan-12\% interest, payable semiannually, issued December 31,2024 Short-term loan-10\% interest, payable monthly, and principal payable at maturity on May 30,20264,050,000 Long-term loan 11% interest, payable on January 1 of each year; principal payable on January 1, 2029 2.700,000 (a) Assume that Blue completed the office and warehouse building on December 31,2025 , as planned, at a totai cost of $14,040,000, and the weighted-average amount of accumulated expenditures was $9,720,000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, e.8. 7.58% for computational purposes and round final answers to 0 decimal places, e-g. 5,275.) Avoidable interest