SarasotaCompany is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,440,000on March 1, $960,000on June 1, and $2,400,000on December 31.

SarasotaCompany borrowed $800,000on March 1 on a5-year,10% note to help finance construction of the building. In addition, the company had outstanding all year a12%,5-year, $1,600,000note payable and an11%,4-year, $2,800,000note payable. Compute avoidable interest forSarasotaCompany. Use the weighted-average interest rate for interest capitalization purposes.(Round "Weighted-average interest rate" to 4 decimal places, e.g. 0.2152 and final answer to 0 decimal places, e.g. 5,275.)

Avoidable interest$ __________________

enter the avoidable interest in dollars rounded to 0 decimal places