Steep Mountain OIl has a cash balance of $15 and a short term loan balance of $53 at the beginning of Q1. The net cash outflow for Q1 of $39 and for Q2 there is a net cash inflow of $23. All cash short falls are funded with short term debt. The firm pays 1.1 percent of its prior quarter's ending loan balance as interest each quarter. The minimum cash balance is $15. What is the short term loan balance at the end of the Q2?

a. $70.6

b. $81.3

c. $65.9

d. $67.7

e. $76.8