Fruits CC is a producer of canned fruit for the local market. You are the newly appointed financial manager of the business. One of your first tasks is to propose a funding strategy for the company. You have the following information at your disposal: Peak financing requirements R3 000 000 Permanent funding requirements R850 000 Short-term average seasonal funding R400 000 Long-term borrowing interest rate 8% Short-term borrowing interest rate 9% Interest rate on surplus funds 7% Required: Use the information provided to determine whether the company should follow an aggressive or conservative funding strategy. Explain your answer. (14)