Charming Paper Company sells to the 12 accounts listed here Average Age of the Account Over the Last Year 28 Receivable Account Balance Outstanding S 60,100 123,000 79,600 24,900 50,300 311,000 33,500 317,000 41,600 92,800 249,000 64,000 15 61 20 72 53 18 Capital Financial Corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. Customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. The current prime rate is 16.50 percent, and Capital charges 3.50 percent over prime to Charming as its annual loan rate a. Determine the maximum loan for which Charming Papr Company could qualify Maximum loan amount b. Determine how much one month's interest expense would be on the loan balance determined in part a. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Interest expense