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Please help with this: (the answer I marked is guessing, please show me the steps, thanks) Question 2 1 points Saved For a proposed project

Please help with this: (the answer I marked is guessing, please show me the steps, thanks)

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Question 2 1 points Saved For a proposed project costing a total of $200 million, the owner needs to secure a construction loan equal to 80% of the project total cost. The loan is for 18 months and carries an annual interest rate of 12%. The interest paid on the construction loan is closest to: a. 11.56MM b. $18.772 MM OC. $18.434 MM d. $17.743 MM e. $13.73MM f. $12.92MM o g. $14.200 MM

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