Ivanhoe Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $1.240,000 on March 1, $2,160,000 on June 1, and $5,400,000 on December 31. Ivanhoe Company borrowed $1,800,000 on March 1 on a 5-year, 12% note to help finance construction of the building in dion the company outstanding all year a 12%, 5-year. $3,600,000 note payable and an 11%, 4-year, $6,300,000 note payable. Compute avoidable interest for Ivanhoe Company. Use the weighted average interest rate for Interest capitalization purposes. (Round Weighted average Interest rate om 25125 and final answer to decimal places, es 5,275) Avoidable interest $