Southern Bank has determined that its margin of raising funds is 4.6 percent and that its non-funds costs to the bank 0.3 percent. It has also determined that its margin to compensate the bank for default risk for a particular customer is 0.2 percent. It has also determined that it wants to have a profit margin of 0.35 percent. The equity multiplier of the bank is 0.4. If this customer wants to borrow $10,000,000, how much in total interest costs will this customer pay in one year?! $545,000 $510,000 None of the options is correct. $480,000 $450,000