ARC Inc. has a 3-year $5 million loan commitment from its bank. The terms are as follows: Up-front commitment fee: 1.15% Interest rate of Loan 7.25% Fee for Unused portion 25 basis points If ARC uses $3 million of the loan this year, what should be the up-front commitment fee if ARC would like to have an EIR that is 35 basis points lower? O 85 basis points O 25 basis points O 115 basis points O 94 basis points