Pina 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 Pina 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 outstand ing all year a 14 % , 5- year , $2,6000,000 note payable and Compute avoidable interest for Pina Company. Use the weighted-average interest rate for interest capitalization purposes. (Round percentages to 4 decimal places, eg. 2.5125 % and final answer to 0 decimal places, es. 5,275) 11 % , 4- vear , $4.550,000 note payable. Avoidable interest