Marked out of 1.00 P Question 1 Not complete Flag question Revenue budget In the prior year, Grand Falls Bank (GFB) had $8,000,000 in business loans at an average interest rate of 3.5 percent as well as $6,400,000 in consumer loans with an average rate of 8 percent. GFB also has $1,500,000 invested in government securities that pay interest at an average rate of 2.5 percent. For the current year, GFB estimates that the volume of business loans will increase to $12,000,000, and the interest rate will rise to 5 percent. It projects that consumer loans will be $8,000,000 and have an average interest rate of 11 percent. The bank's government security investment will be $3,200,000 and will bear an average interest rate of 4.5 percent. What is GFB's projected revenue for the current year? Projected revenue: $ 0 Check