Question 1 2 points Save Answer Grecian Tile Manufacturing of Athens, Georgia, borrows $800,000 at LIBOR plus a lending margin of 1.24 percent per annum on a six-month rollover basis from a London bank. If six-month LIBOR is 4.59 percent over the first six-month interval and 5.40 percent over the second six-month interval, how much will Grecian Tile pay in interest over the first year of its Eurodollar loan? (USD, no cents)