Marigold Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $4, 957, 500 on January 1, 2017. Marigold expected to complete the building by December 31, 2017. Marigold has the following debt obligations outstanding during the construction period. Construction loan-10% interest, payable semiannually, issued December 31, 2016 $2, 015, 800 Short-term loan-8% interest, payable monthly, and principal payable at maturity on May 30, 2018 1, 606, 700 Long-term loan-9% interest, payable on January 1 of each year. Principal payable on January 1, 2021 993, 300 (a) Assume that Marigold completed the office and warehouse building on December 31, 2017, as planned at a total cost of $5, 195, 900, and the weighted-average amount of accumulated expenditures was $3, 810, 800. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, e.g. 7.58% for computational purposes and round final answers to o decimal places, e.g. 5, 275.)