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Windsor Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $1,884,000 on March 1,$1,284,000 on

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Windsor Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $1,884,000 on March 1,$1,284,000 on June 1, and $3,091,000 on December 31 . Windsor Company borrowed $1,174,000 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, $2,380,000 note payable and an 11%,4-year, $3,616,000 note payable. Compute avoidable interest for Windsor Company. Use the weighted-average interest rate for interest capitalization purposes, (Round weightedaverage interest rate to 4 decimal ploces, e.g. 0.2152 and final answer to 0 decimal ploces, es. 5.275.) Avoidable interest

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