Kingbird Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $2,040,000 on March 1, $1,320,000 on June 1 , and $3,045,000 on December 31 . Kingbird Company borrowed $1,026,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10\%, 5-year, $2,085,000 note payable and an 11%,4-year, $3,796,000 note payable. Compute avoidable interest for Kingbird 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.g. 5.275.) Avoidable interest eTextbook and Media Last saved 13 minutes ago. Attempts: unlimited Saved work will be auto-submitted on the due date. Auto. submission can take up to 10 minutes