PearlFurniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $11,500,000 on January 1, 2020. Pearl expected to complete the building by December 31,2020 . Pearl has the following debt obligations outstanding during the construction period. (a) Assume that Pearl completed the office and warehouse building on December 31,2020 , as planned at a total cost of $11,960,000, and the weighted-average amount of accumulated expenditures was $8,280,000. 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 0 decimal places, e.g. 5,275 ) Avoidable Interest