Thanks in advance!

5) Calculate the effective annual cost of the following bank credit facility and compare it to the stated rate: a $20,000,000 line of credit b. 4.75% on amount borrowed c. $17.650.000 average cash shortfall d. 35 bps Origination Fee on commitment amount (35%) e. 45 bps Non-Usage Fee on unused portion (.45%) 6) Re-do the work (use problem 5), assuming the bank includes a 5% compensating balance requirement. The firm needs access to the full $17,650,000 (which means it will have to borrow more in order to have enough $$ to cover its shortfall). Calculate the effective cost and compare this result to the stated rate