Mt. Olive Pickle Co. exports pickle products to the Eurozone and invoices its customers in U.S. dollars. Aldi in Germany has purchased $1,000,000 of pickle products from Mt. Olive, with payment due in 6 months. The payment will be made with a bankers' acceptance issued by Deutsche Bank at a fee of 2.65% per annum. Mt. Olive has a WACC of 9.0% per annum. If Mt. Olive holds this acceptance to maturity, what is its annualized percentage all-in-cost (AIC). Assume a 360-day year. A. 11.69% B. 11.99% C. 12.42% D. 12.89%