Banana Co. can obtain a short-term loan at a rate of 5% and long-term loan at a rate of 8%. It has permanent current assets of $30,000 and temporary current assets of $12,000. Calculate the cost of financing if the company's policy is to: finance permanent current assets and 7 of temporary current assets with long-term debt finance remaining temporary current assets with short-term debt Select one: a. Not enough information to answer this question. b. $2,280 C. $3,180 d. $3,000