Novak Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $2,088,000 on March 1,$1,236,000 on June 1 , and $3,076,000 on December 31 . Novak Company borrowed \$1,055,000 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 9\%, 5-year, $2,217,000 note payable and an 10%,4-year, $3,162,000 note payable. Compute avoidable interest for Novak Company. Use the weighted-average interest rate for interest capitalization purposes. (Round weightedaverage interest rate to 4 decimal places, e.g. 0.2152 and final answer to 0 decimal places, e.g. 5,275.) Avoidable interest $