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A security firm is offered $80 000 in one year for providing CCTV coverage of a property. The cost of providing this coverage to the
A security firm is offered $80 000 in one year for providing CCTV coverage of a property. The cost of providing this coverage to the security firm is $74 000, payable now. If the security firm planned to borrow the funds from a bank, what is the maximum interest rate a bank could charge them so they at least break even on this project? O A. 7.5000% B. 8.1999% O C. 8.1081% O D.8.2155%
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