Chapter 15 Case (static) Question Help Selecting Kanton Company's Financing Strategy and Unsecured Short-Term Borrowing Arrangement Morton Mercado, the CFO of Kanton Company carefully developed the estimates of the firm's total funds requirements for me coming year. These are shown in the following table Month Total funds Month Total funds January $1,000,000 July $6.000.000 February 1,000,000 August 5.000.000 March 2,000,000 September 5 000 000 April 3.000.000 October 4000.000 May 5,000,000 November 2.000.000 June 7.000.000 December 1,000,000 a. Determine the total annual cost of each of the three possitte financing strategies Strategy Aggressive The amounts required ale $2.500,000 short-term and 51,000,000 long-term The cost of this financing we sound to me more) Enter your answer in the answer box and then click Check Answer 11 ans remaining 9 Suh