is it correct?

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, eg. 0.2152 and final answer to 0 decimal ploces, e.3. 5,275.) Avoidable interest $