Brief Exercise 10-04 Pronghorn 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 Pronghorn 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 Pronghorn 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 o decimal places, e.g. 5,275.) Avoldable interest ay Click if you would like to show Work for this question: Open Show Work