Grouper Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,440,000 on March 1,$960,000 on June 1 , and $2,400,000 on December 31 . Grouper Company borrowed $800,000 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, $1,600,000 note payable and an 11%, 4 -year, $2,800,000 note payable. Compute avoidable interest for Grouper Company. Use the weighted-average 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. 3.5,275. Avoidable interest 5