Nash Company is constructing a building. Construction began on February $1$ and was completed on December $31.$ Expenditures were

$$1,812,000$ on March $1,$ $$1,212,000$ on June $1,$ and $$3,014,000$ on December $31.$

Nash Company borrowed $$1,071,000$ 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, $$2,031,000$ note payable and an $11\%,4-$year, $$3,170,000$ note payable. Compute

avoidable interest for Nash Company. Use the weighted$-$average interest rate for interest capitalization purposes. $($Round weighted$-$

average interest rate to $4$ decimal places, e$.$g$.0\mathrm{.}2152$ and final answer to $0$ decimal places, e$.$g$.5,275.)$

Avoidable interest

$