[Q13] State Bank has a one-year loan commitment of $10 million with an up-front fee of 25 basis points as one of its off-balance sheet activities. The back-end fee on the unused portion of the commitment is 45 basis points. The bank's base rate on loans is 7 percent and loans to this customer carry a risk premium of 1.25 percent. The bank requires a compensating balance on this loan of 8 percent to be placed in demand deposits and must maintain reserve requirements on demand deposits of 7 percent. The customer is expected to draw down 80 percent of the commitment at the beginning of the year. What is the total revenue (both up-front and other fees) the bank earns on the loan commitment? (2 points) [HINT: Type your answer to the nearest dollar, for example for "$123,456.789", enter "123,457" without the $ sign] Answer: [Q14] Continued from Q13. Calculate the return on this off-balance sheet activity assuming that the takedown on the loan commitments are at the expected percentage. (2 points) [HINT: Type your answer in % to 4 decimal places, for example for "1.234567%", enter "1.2346" without the % sign)