BrambleCompany is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $3,780,000on March 1, $2,520,000on June 1, and $6,300,000on December 31.

Question 20 0/3 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. Bramble Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $3,780,000 on March 1, $2,520,000 on June 1, and $6,300,000 on December 31. Bramble Company borrowed $2,100,000 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 14%, 5-year, $4,200,000 note payable and an 11%, 4-year, $7,350,000 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 O decimal places, e.g. 5,275.) Avoidable interest $ 558004