* Your answer is incorrect. Sarasota Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1.440,000 on March 1,5960,000 on June 1, and $2,400,000 on December 31. Sarasota Company borrowed $800,000 on March 1 on a 5-year, 10% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 5-year, $1,600,000 note payable and an 11%, 4-year, $2,800,000 note payable. Compute avoidable interest for Sarasota Company. Use the weighted average interest rate for interest capitalization purposes. (Round "Weighted-overage interest rate" to 4 decimal places, eg.0.2152 and final answer to O decimal places, eg. 5,275.) Avoidable interest $ 189090 Sarasota Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1.440,000 on March 1, $960,000 on June 1, and $2,400,000 on December 31 Sarasota Company borrowed $800,000 on March 1 on a 5-year, 10% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 5-year, $1,600,000 note payable and an 11%, 4-year. $2.800.000 note payable. Compute avoidable interest for Sarasota Company. Use the weighted average interest rate for interest capitalization purposes (Round "Weighted average interest rate" to 4 decimal places, es. 0.2152 and final answer to decimal places, eg. 5,275.) Avoidable interest $ 189090