ABC Company has received a confirmation letter from the First National Bank of Miami (FNBM) about a line of credit for $60,000,000 on January 2, 2022. According to the terms of this short-term loan, DBC Company will be charged the following: A. ABC will be charged for 125 basis points interest (on annual basis) for any unused amount of credit from the commencement of this agreement. B. Upon usage of any funds, the interest charge would be Prime rate plus 75 basis points. Prime rate at the time of the commencement of this loan on January 2, 2022, was 5.5%. C. The following events took place in 2022 : 1) On February 1, 2022; ABC Co., used $12,000,000 against its line of credit for its working capital purposes. 2) On June 1, 2022; ABC Co., used an additional $9,600,000 to purchase fixed assets. 3) On August 1, 2022, the Federal Open Market Committee of the Fed., increased the Fed Fund Rate by 75 basis point, which was immediately reflected as an increase at the FNBM's prime lending rate. 4) On September 1, 2022; DBC Co., used $15,000,000 against its line of credit for its working capital purposes. Assuming no additional loan or payment to the bank had been made during 2022; Calculate total interest cost, nominal and effective interest rates for ABC Company in 2022