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, e.g. 0.2152 and final answer to 0 decimal places, e.g. 5,275