During 2020, a company set up several assets at

a total cost of $5 million. The weighted-average

accumalated expenditures on assets qualifying for capitalization of interest during 2020 were 2.80 million. The company had the following depts outstanding at December 31, 2020:

5% five year note to finance construction of several assets, dated January 1, 2020, (interest payable anually on January 1st: $1000000)

10%. ten-year bond issued at par on December 31, 2015, (interest payable anually on December 31st: 4,000,000)

8% three-year note payable, dated January 1, 2019 (interest payable anually on January 1st: $2000000)

What is the avoidable interest for 2020?