Oriole Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $2,028,000 on March 1, $1,308,000 on June 1 , and $3,008,000 on December 31 . Oriole Company borrowed $1,114,000 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, $2,484,000 note payable and an 11%,4-year, $3,232,000 note payable, Compute avoidable interest for Oriole Company. Use the weighted-average interest rate for interest capitalization purposes. (Round welghtedaverage interest rate to 4 decimal places, es, 0.2152 and final answer to 0 decimal places, es. 5.275.) Avoidable interest