Whispering Company is constructing a building. Construction began on February $1$ and was completed on

December $31.$ Expenditures were $$1,920,000$ on March $1,$$$1,200,000$ on June $1,$ and $$3,070,000$ on

December $31.$

Whispering Company borrowed $$1,042,000$ 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, $$2,227,000$ note payable

and an $11\%,4-$year, $$3,799,000$ note payable. Compute avoidable interest for Whispering Company. Use

the weighted$-$average interest rate for interest capitalization purposes. $($Round weighted$-$average interest

rate to $4$ decimal places, e$.$g$.0\mathrm{.}2152$ and final answer to $0$ decimal places, e$.$g$.5,275.)$

Avoidable interest