X Your answer is incorrect.

Tamarisk Company is constructing a building. Construction began on February $1$ and was completed on December $31.$ Expenditures were $$1,980,000$ on March $1,$$$1,260,000$ on June $1,$ and $$3,087,000$ on December $31.$

Tamarisk Company borrowed $$1,172,000$ on March $1$ on a $5-$year, $12\%$ note to help finance construction of the building. In addition, the company had outstanding all year a $10\%,5-$year, $$2,045,000$ note payable and an $11\%,4-$year, $$3,472,000$ note payable. Compute avoidable interest for Tamarisk 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