Current Attempt in Progress Blue Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $2,052,000 on March 1, \$1,200,000 on June 1, and \$3,003,000 on December 31. Blue Company borrowed \$1,035,000 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, $2,316,000 note payable and an 11%,4-year, $3,194,000 note payable. Compute avoidable interest for Blue Company. Use the weighted-average interest rate for interest capitalization purposes. (Round weightedaverage interest rate to 4 decimal places, e.g. 0.2152 and final answer to 0 decimal places, e. . 5.275.) Avoidable interest