4. You borrow money at a rate of 9% per year. The average amount owed to the bank during 2019 was $200,000, but you really needed $100,000 more on average. What would the interest rate have to have been if your borrowing had been at the higher level but your interest expense remained the same? a. 6.00% b. 7.50% 8.00% d. Cannot tell from the information given. C. 5. If a grant budget includes an expense for evaluation, the money would most likely be spent on which of the following? a. A performance review of the executive director b. A thorough analysis of the organization's compensation structure. c. An independent assessment of the effectiveness of the board of directors d. An independent assessment of the impact of the grant program 6. Which of the following is TRUE? a. Earned income is always unrestricted. b. Every nonprofit should use the same ratio of indirect to direct costs in grant budgets. C. Both a. and b. d. Neither a. nor b