Crane Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $1,800,000 on March 1,$1,200,000 on June 1 , and $3,026,000 on December 31 . Crane Company borrowed $1,159,000 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, $2,017,000 note payable and an 10%,4-year, $3,600,000 note payable. Compute avoidableinterest for Crane Company. Use the weighted-average interest rate for interest capitalization purposes. (Round weightedaverage interest rate to 4 decimal places, eg. 0.2152 and final answer to 0 decimal places, es. 5,275.)