Current Attempt in Progress

Grouper Company is constructing a building. Construction began on February $1$ and was completed on December $31.$ Expenditures were $\backslash$$$4,500,000$ on March $1,\backslash$$$3,000,000$ on June $1,$ and $\backslash$$$7,500,000$ on December $31.$

Grouper Company borrowed $\backslash$$$2,500,000$ on March $1$ on a $5-$year, $10\backslash \%$ note to help finance construction of the building. In addition, the company had outstanding all year a $12\backslash \%,5-$year, $\backslash$$$5,000,000$ note payable and an $11\backslash \%,4-$year, $\backslash$$$8,750,000$ 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$.0\mathrm{.}2152$ and final answer to $0$ decimal places, e$.$g$.5,275.)$

Avoidable interest $\backslash$$

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