Riverbed Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $1,080,000 on March 1,$720,000 on June 1, and $1,800,000 on December 31 . Riverbed Company borrowed $600,000 on March 1 on a 5 year. 10% note to help finarce construction of the building In addition, the company had outstanding all year a 12%,5-year, $1,200,000 note payable and an 11%,4 year, $2,100,000 note payable. Compute avoidable interest for Riverbed Company. Use the weighted-averoge interest rate for interest capitalization purposes. (Round