Coronado Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,980,000 on March 1, $1,260,000 on June 1, and $3,087,400 on December 31. Coronado Company borrowed $1,171,700 on March 1 on a 5-year, 13% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $2,045,100 note payable and an 11%, 4-year, $3,471,500 note payable. Compute avoidable interest for Coronado Company. Use the weighted average interest rate for interest capitalization purposes. (Round percentages to 2 decimal places, e.g. 2.51% and final answer to O decimal places, e.g. 5,275.) Avoidable interest