Larkspur Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,800,000 on March 1, $1,200,000 on June 1, and $3,026,100 on December 31 Larkspur Company borrowed $1,159,000 on March 1 on a 5-year, 13% note to help finance construction of the building. In addition, the company had outstanding all year a 996, 5-year, $2,017,300 note payable and an 10%, 4-year, $3,599,800 note payable Compute avoidable interest for Larkspur Company. Use the weighted-average interest rate for interest capitalization purposes. (Round percentages to 2 decimal places, eg. 2.51% and final answer to 0 decimal places, eg. 5,275.) Avoidable interest