Larkspur Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $3,600,000 on March 1,$2,400,000 on June 1 , and $6,000,000 on December 31 . Larkspur Company borrowed $2,000,000 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, $4,000,000 note payable and an 11%,4-year, $7,000,000 note payable. Compute avoidable interest for Larkspur Company. Use the weighted-average interest rate for interest capitalization purposes, (Round "Weighted-average interest rate" to 4 decimal places, e. .0.2152 and final answer to 0 decimal places, e. .5.275. .) Avoidable interest