Webster Corperation's monthly projected general and administrative expenses include $5,000 administrative salaries, $2,400 of other cash administrative expenses, $1,350 of depreciation expense, and 0.5% monthly interest on an outstanding bank loan of $10,000. Compute the total general and administrative expenses to be reported on the general administrative expense budget per month. A) $7,450 B) $17,400 C) $8,800 D) $7,400 E) $5,050