2. Joe Studio, a dealer in contemporary art, has forecasted its seasonal financing needs for the next six months as follows: Month Seasonal Requirement (a) The firm projects that short-term funds will cost 10 percent and January $1,450,000 long-term funds will cost 12 percent annually. February 1,895,000 (b) The firm's permanent funds requirement is $450,000. March 2,000,000 April 1,575,000 May 1,342,000 Calculate financing costs for the first six months using the aggressive and June 1,562,000 conservative strategies