Current Attempt in Progress Your answer is incorrect. Nash Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,812,000 on March 1,$1,212,000 on June 1 , and $3,014,000 on December 31. Nash Company borrowed $1,071,000 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 10\%, 5-year, \$2,031,000 note payable and an 11\%, 4-year, \$3,170,000 note payable. Compute avoidable interest for Nash Company. Use the weightedaverage 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.) Avoidable interest $