Given that short-term funds cost 6% annually and long-term funds cost 8% annually, calculate the total cost of the following strategies:

(i) An aggressive funding strategy.

(ii) A conservative funding strategy.

(iii) Discuss TWO (2) risks for aggressive funding strategy.

Delta Ltd has forecasted its total funds requirements for the coming year as shown in the table below: Month Total Funds Requirements January February March April May June July August September October November December $500,000 $300,000 $550,000 $350,000 $350,000 $550,000 $350,000 $350,000 $450,000 $500,000 $700,000 $750,000