Question: * Your answer is incorrect. Riverbed Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $4,680,000

* Your answer is incorrect. Riverbed Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $4,680,000 on March 1, $3,120,000 on June 1, and $7,800,000 on December 31. Riverbed Company borrowed $2,600,000 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 12%, 5-year, $5,200,000 note payable and an 11%, 4-year. $9,100,000 note payable. Compute avoidable interest for Riverbed Company. Use the weighted average interest rate for interest capitalization purposes. (Round "Weighted average interest rate" to 4 decimal places, 3.0.2152 and final answer to decimal places, e3.5,275.) Avoidable interests 3856320

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