Pina Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $4.972,800 on January 1, 2017. Pina expected to complete the building by December 31, 2017. Pina has the following debt obligations outstanding during the construction period. Construction loan-10% interest, payable semiannually, issued December 31, 2016 $2,019,500 Short-term loan-8% interest, payable monthly and principal payable at maturity on May 30, 2018 1,605,600 Long-term loan-9% interest, payable on January 1 of each year. Principal payable on January 1, 2021 1,001,000 Assume that Pina completed the office and warehouse building on December 31, 2017 as planned at a total cost of 5,192.000, and the weighted average amount of accumulated expenditures was $3,827 600. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, 6.3.7.58% for computational purposes and round final answers to decimal places, s. 5,275.) Avoidable Interest