Use the following information to answer the next two problems. Irish Air Services has determined several factors relative to its asset and financing mix for the next 12 months. The firm pays 8 percent annually on short-term funds and 12 percent on long-term funds. The firm can eam 5 percent annually on its marketable security investments. The average permanent fund requirement is $140,000 and the average seasonal fund requirement is $17,500. Minimum total asset level is $140,000 and the maximum total asset is $180,000 for the next 12 months. 1. Find the annual financing cost under the aggressive financing strategy. a. $13,300 c. $18,200 b. $15,750 d. $22,400 2. Find the annual financing cost under the conservative financing strategy. a. $19,800 C. $22,725 b. $20,475 d. $29,750 Use the following information to answer the next two problems. Irish Air Services has determined several factors relative to its asset and financing mix for the next 12 months. The firm pays 8 percent annually on short-term funds and 12 percent on long-term funds. The firm can eam 5 percent annually on its marketable security investments. The average permanent fund requirement is $140,000 and the average seasonal fund requirement is $17,500. Minimum total asset level is $140,000 and the maximum total asset is $180,000 for the next 12 months. 1. Find the annual financing cost under the aggressive financing strategy. a. $13,300 c. $18,200 b. $15,750 d. $22,400 2. Find the annual financing cost under the conservative financing strategy. a. $19,800 C. $22,725 b. $20,475 d. $29,750