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Computer Graphics Company requires $250,000 to complete a project. a. With a compensating balance requirement of 20 percent, how much will the firm need to borrow? (Round the final answer to 2 decimal places.) Amount to be borrowed $ b. Given your answer to part a and a stated interest rate of 10 percent on the total amount borrowed, what is the annual rate on the $250,000 actually being used? (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Annual rate