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Ben Crenshaw Golf Design Inc. needs $80,000 in funds for a future golf course development. With a compensating balance requirement of 20%, how much will

Ben Crenshaw Golf Design Inc. needs $80,000 in funds for a future golf course development. With a compensating balance requirement of 20%, how much will the firm need to borrow?

Select one:

A. $16,000

B. $80,000

C. $100,000

D. none of the above

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