Desert Company is constructing a building for their own use. 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 $3,000,000 on December 1. Desert borrowed $1,200,000 on March 1 on a 5-year, 8% construction loan. In addition, the company had outstanding all year a 9%, 4-year, $4,500,000 note payable.

How much is Avoidable Interest?