Brief Exercise 10-04 X Your answer is incorrect. Try again. Pronghorn Company is constructing a building. Construction began on February 1 and was completed on December 31 Expenditures were $3,600,000 on March 1, $2,400,000 on June 1, and $6,000,000 on December 31 Pronghorn Company borrowed $2,000,000 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 8 %, 5-year, $4,000,000 note payable and an 11 %, 4-year, $7,000,000 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. 2.5125 and final answer to 0 decimal places, e.g. 5,275.) Avoidable interest 528000