1 - Brand Advertising need to borrow $375,000 for 30 days. They have negotiated a loan with Portland State Bank that requires a 15% compensating balance and an interest rate charge of $5,500. What is the effective rate of interest on this loan? 2 - Rock Bottom Carpets sells 3,100 carpets a year at an average price per carpet of $1,640. The carrying cost per unit is $218.40. The company orders 500 carpets at a time and has a fixed order cost of $78 per order. What is the economic order quantity?