Help Save &Exit Submit Digital Access Inc. needs $278.400 in funds for a project. (Assume the loan term is one year.) a. With a compensating calculations.) balance requirement of 13 percent, how much will the firm need to borrow? (Do not round intermediate nt to be percent on the total amount borrowed, what is the effective rate on b. Given your answer to part a and a stated interest rate of 19 the $278,400 actually being used? (Input your answer as a percent rounded to 2 decimal