GrouperFurniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $2,500,000 on January 1, 2020. Grouper expected to complete the building by December 31, 2020. Grouper has the following debt obligations outstanding during the construction period. Construction loan-12% interest, payable semiannually, Issued December 31, 2019 $1,000,000 Short-term loan-10% interest, payable monthly, and principal payable at maturity on May 30, 2021 750,000 Long-term loan-11% interest, payable on January 1 of each year. Principal payable on January 1, 2024 500,000 (a) Assume that Grouper completed the office and warehouse building on December 31, 2020, as planned at a total cost of $2,600,000, and the welghted average amount of accumulated expenditures was $1,800,000, Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, eg. 7.58% for computational purposes and round final answers too decimal places, eg. 5,275.) Avoidable Interest $