Cullumber Company is constructing a building. Construction began on February $1$ and was completed on December $31.$ Expenditures were $$2,340,000$ on March $1,$ $$1,560,000$ on June $1,$ and $$3,900,000$ on December $31.$

Cullumber Company borrowed $$1,300,000$ on March $1$ on a $5-$year, $10\%$ note to help finance construction of the building. In addition, the company had outstanding all year a $12\%,5-$year, $$2,600,000$ note payable and an $11\%,4-$year, $$4,550,000$ note payable. Compute avoidable interest for Cullumber Company. Use the weighted$-$average interest rate for interest capitalization purposes. $($Round "Weighted$-$average interest rate" to $4$ decimal places, e$.$g$.0\mathrm{.}2152$ and final answer to $0$ decimal places, e$.$g$.5,275.)$

Avoidable interest $

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