Grouper Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $900,000 on March 1, $600,000 on June 1, and $1,500,000 on December 31. Grouper Company borrowed $500,000 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. $1,000,000 note payable and an 11%. 4-year $1,750,000 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, eg. 0.2152 and final answer to decimal places, eg. 5,275.) Avoidable interest $