A bank offers your firm a revolving credit arrangement for up to $64 million at an interest rate of 1.45 percent per quarter. The bank also requires you to maintain a compensating balance of 5 percent against the unused portion of the credit line, to be deposited in a noninterest-bearing account. Assume you have a short-term investment account at the bank that pays 16 percent per quarter and assume that the bank uses compound interest on its revolving credit loans a. What is your effective annual interest rate an opportunity coul) on the revolving credit arrangement it your does not so it during the year? Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places. 12.10 Effective annual b. What is your effective annual interest rate on the landing arrangement if you borrow 538 million mmediately and pay in one year? (Do not round intermediate calculations and enter your answer is a percent rounded to 2 decimal places, ... 32.16) Effective annual rate c. What is your effective and interest rate you borrow $64 million immediately and repay it in one year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places. e... 32.16) Efective annual rate