Friendly Hometown Bank has agreed to extend a Revolving Line of Credit to Hometown Manufacturing to support the firms operating expenses throughout the year. The RLOC is for $10,000,000 with an upfront fee of 1.25%. The interest rate is 6%. If Hometown Manufacturing expects to have an average of $6,000,000 outstanding throughout the year, what will be the cost of this RLOC to Hometown Manufacturing?