ABC Company is considering to establish a line of credit with a local bank to make up for the cash deficit for the next three months. The company expects a 608 . chance for a $287.945 deficit and a 40% chance for no deficit at all. The line of eredit charges 0.56% of interest rate per month on the amount borrowed plus a commitment fee of $2,500 for a quarter. It also requires a 7% compensation batance for outstanding loans. The company can reinvest any excess cash at an annual rate of 8\%. What will the expected cost of establishing a line of credit be? Round your answer to the nearest dollar. (Hint: Refer to a numerical example in short-term financing choices.) $5,017$5,602$5,612$5,608$5,621