Studio San , a dealer in contemporary art, has forecasted its seasonal financing needs for the next six months as follows

Month	Seasonal requirement (SS)
January	1,000,000
February	1,700,000
March	2,500,000
April	1,500,000
May	1,300,000
June	1,500,000

The firm projects short term funds will cost 10% and long term funds will cost 13% annually.

The firms permanent funds requirement is $600,000

.Refer to the QS AND FIND The conservative strategy for the first six months is

Select one:

a. 162,500

b. 250,000

c. 201,500