Metlock Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,340,000 on March 1. $1.560,000 on June 1, and $3,900,000 on December 31. Metlock Company borrowed $1.300,000 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 14%, 5-year, $2,600,000 note payable and an 11%, 4-year, $4,550,000 note payable. Compute avoidable interest for Metlock 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 O decimal places, e.g. 5,275.) Avoidable interest $