Gene's Art Gallery is notoriously known as a slow-payer. The firm currently needs to borrow $27,300 and only one company will even deal with them. The terms of the loan call for daily payments of $100. The first payment is due today. The interest rate is 21.9 percent, compounded daily. What is the time period of this loan? Assume a 365-day year.

270.44 days

298.04 days

300.43 days

308.56 days

311.10 days