he company wish to borrow OMR 2 million. The company has two option either to go with debt covenant or non-debt covenant.

The interest rate of the two banks given below:

Bank Muscat	2.5 %	2.75%
Bank Nizwa	3.2 %	3.6%

If the company borrows full money from Bank Nizwa under debt covenant agreement, how much interest the company has to pay?

a) OMR 72,000

b) OMR 55,000

c) OMR 64,000

d) OMR 50,000