A $$2$ million line of credit is granted to a firm. Although an average of only $75$ percent of the limit is drawn down, bank imposes a commitment fee of $0\mathrm{.}2$ percent per annum. The interest on funds used will be $6$ percent per year. However, the bank also charges a $0\mathrm{.}1$ percent upfront fee to open the account. Calculate the annual total loan cost.

Multiple Choice

$$ $$34,000$

$$ $$93,000$

$$ $$96,000$

$$ $$78,000$

$$ $$126,000$