Bramble Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $ 2,520,000 on March 1, $ 1,680,000 on June 1, and $4,200,000 on December 31. Bramble Company borrowed $ 1,400,000 on March 1 on a 5-year, 10% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 5-year, $ 2.800.000 note payable and an 11%, 4-year, $4.900,000 note payable. Compute avoidable interest for Bramble Company. Use the weighted average interest rate for interest capitalization purposes. (Round "Weighted average interest rate" to 4 decimal places, e.g. 0.2152 and final answer to decimal places, eg. 5,275.) Avoidable interest $