Whispering Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $8,000,000 on January 1,2025. Whispering expected to complete the building by December 31,2025 . Whispering has the following debt obligations outstanding during the construction period. Assume that Whispering completed the office and warehouse building on December 31,2025 , as planned, at a total cost of $8,320,000, and the weighted-average amount of accumulated expenditures was $5,760,000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, eg. 7.58% for computational purposes and round final answers to 0 decimal places, eg. 5.275.) Avoidable interest