Wildhorse Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $2,004,000 on March 1,$1,284,000 on June 1 , and $3,055,000 on December 31 Wildhorse Company borrowed $1,163,000 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, $2,377,000 note payable and an 11%, 4 -year, $3,691,000 note payable. Compute avoidable interest for Wildhorse 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, es. 5.275. Avoidable interest