Question 7 5 pts Sales Force borrowed $150 million for 360 days from Chase bank. The interest on the loan is 10 percent. Sales Force has no cash balances in its accounts with Chase at the time of this loan. Calculate the APR and rEAR assuming the loan is a simple interest loan and has a 20% compensating balance requirement. APR = 12.5% and rEAR = 14.1% APR = 10% and rEAR = 12.5% = = APR = 12.5% and rEAR = 12.5% None of the above Question 8 5 pts J&J Medical Supplies expect to sell 12,000 medical imaging machines this year. Each machine costs J&J $2,000 to purchase from China. Inventory carrying costs are 45% of the purchase price, and the cost of placing an order is $120. If the EOQ or Economic Order Quantity is 70 units. What is the total inventory cost (carrying and ordering costs) at that EOQ level? $52,071 $18,000 $51,000 $34,000