Stockett, Inc. has prepared its third quarter budget and provided the following data: The cash balance on June 30 is peojected to be $4,100. The company has to maintain a minimum cash balance of $5,000 and is outhorized to borrow at the end of each month to make up any chortala. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 4%. All financing transactions are assumed to take place at the end of the month. The ioan balance should be repaid is inerements of $5,000 whenever there is sueplus cash. How much will the company have to bortow at the end of Auguat? A. $5,000 B. $10,000 C. $15,000 D. $20,000