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Windsor Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $1,080,000 on March 1, $720,000

image text in transcribed Windsor Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $1,080,000 on March 1, $720,000 on June 1, and $1,800,000 on December 31 . Windsor Company borrowed $600,000 on March 1 on a 5-year, 10% note to help finance construction of the building. In addition, the company had outstanding all year a 12%,5-year, $1,200,000 note payable and an 11%,4-year, $2,100,000 note payable. Compute avoidable interest for Windsor 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, e.g. 5,275.) Avoidable interest $

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