In exchange for a $300 million fixed commitment line of credit, your firm has agreed to do the following 10 points 1. Pay 1.85 percent per quarter on any funds actually borrowed. 2. Maintain a 4.5 percent compensating balance on any funds actually borrowed. 3. Pay an up-front commitment fee of 25 percent of the amount of the line eBook Based on this information, answer the following: Print References a. Ignoring the commitment fee, what is the effective annual interest rate on this line of credit? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. Suppose your firm immediately uses $115 million of the line and pays it off in one year. What is the effective annual interest rate on this $115 million loan? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Effective annual interest rate Effective annual interest rate b. En