na Muusuun 3 pts 21 of 40 (19 complete This Quilt: 100 pts possible O Aug Kennison, Inc. has prepared its third quarter budget and provided the following dat Sep Cash collections 350.000 30,700 47,600 Cash payments: Purchases of direct materials 30,000 22,000 18.000 Operating expenses 12,300 8,700 11.700 Capital expenditures 13 000 0 The cash balance on June 30 is projected to be $4.500. 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 any other may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 4%. All financing transactions we assumed to take place at the end of the month. The bar Balance should be repaid in increments of 3.000 whenever there is surplus cash. How much will the company have to borrow at the end of August? 24400 O A $20.000 OB. $15.000 OC $10,000 OD $5,000