Sheffield Furniture Company started construction of a combination office and warehouse building for its own use at an estimated co of $11,000,000 on January 1, 2025. Sheffield expected to complete the building by December 31,2025 . Sheffield has the following debt obligations outstanding during the construction period. (a) Assume that Sheffield completed the office and warehouse building on December 31,2025 , as planned, at a total cost of $11,440,000, and the weighted-average amount of accumulated expenditures was $7,920,000. Compute the avoidable interest on this project. (Use interast rates rounded to 2 decimal places, e.3. 7.58\% for computational purposes and round final answers to 0 decimal places, e-8. 5,275.) Avoldable interest