Coronado Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were \$1,932,000 on March 1, \$1,212,000 on June 1, and $3,028,000 on December 31. Coronado Company borrowed $1.150.000 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 9%,5 year, $2,271,000 note payable and an 10%,4 year, $3,429,000 note payable. Compute avoidable interest for Coronado Company. Use the weighted-average interest rate for interest capitalization purposes. (Round weighted-average interest rate to 4 decimal places, eg, 0.2152 and final answer to 0 decimal places, es. 5,275.) Avoidable interest $