Your answer is incorrect. Grouper Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $1,440,000 on March 1, $960,000 on June 1, and $2,400,000 on December 31. Grouper Company borrowed $800,000 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, $1,600,000 note payable and an 11%, 4-year, $2,800,000 note payable. Compute avoidable interest for Grouper 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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