Kennison, Inc. has prepared its third quarter budget and provided the following data: The cash balance on June 30 is projected to be $5,100. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an anual rate of 5%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. How much will the company have to borrow at the end of August? A. $15,000 B. $20,000 C. $5,000 D. $10,000