Pronghorn Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $2,880,000 on March 1,$1,920,000 on June 1, and $4,800,000 on December 31 . Pronghorn Company borrowed $1,600,000 on March 1 on a 5 -year, 10% note to help finance construction of the building. In addition. the company had outstanding all year a 12%,5-year, $3,200,000 note payable and an 11%,4-year, $5,600,000 note payable. Compute avoidable interest for Pronghorn Company. Use the weighted-average interest rate for interest capitalization purposes. (Round "Weighted-average interest rote" to 4 decimal ploces, eg. 0.2152 and final answer to 0 decimal places, es. 5, 275.) Avoidable interest