Irish Air Services has determined several factors relative to its asset and financing mix.

(a)	The firm earns 10 percent annually on its current assets.

(b)	The firm earns 20 percent annually on its fixed assets.

(c)	The firm pays 13 percent annually on current liabilities.

(d)	The firm pays 17 percent annually on long-term funds.

(e)	The firm's monthly current, fixed, and total asset requirements for the previous year are

summarized in the table below: The firm's monthly permanent funds requirement is ________. (See Table 15.1)

Select one:

a. $157,500

b. $140,000

c. $100,000

d. $57,500

Month January February March April May June July August September October November December Current Assets $45,000 40,000 50,000 55,000 60,000 75,000 75,000 75,000 60,000 55,000 50,000 50,000 Fixed Assets $100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 Total Assets $145,000 140,000 150,000 155,000 160,000 175,000 175,000 175,000 160,000 155,000 150,000 150,000