Tamarisk company is constructing a building. Construction began on February 1 and was completed on December 31.

Tamarisk Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $1,980,000 on March 1,$1,260.000 on June 1, and $3,087,000 on December 31. Tamarisk Company borrowed $1,172,000 on March 1 on a 5-year. 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10\%, 5-year, $2,045,000 note payable and an 11%,4-year, $3,472,000 note payable. Compute avoidable interest for Tamarisk Company. 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, eg. 5,275. Avoidable interest