Indigo Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $3,420,000 on March 1, $2,200,000 on June 1, and $5,700,000 on December 31. Indigo Company borrowed $1.900.000 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, $3,800,000 note payable and an 11%, 4-year $6,650,000 note payable. Compute avoidable interest for Indigo Company. Use the weighted average Interest rate for interest capitalization purposes. (Round "Weighted average interest rate" to 4 decimal places, es:0.2152 and final answer to decimal places, 68.5,275) Avoidable interest $ 4180000