You are an analyst in the Treasury department of Bennett Inc., a multinational firm. You have been tasked with answering questions the Treasurer has regarding short-term investing and short-term borrowing. Below are numbers that your assistant has researched for you to answer these questions. Discount rate on company's Commercial paper 1.00% Discount rate on money market securities for investing 3.00%) Dealers annual fee percent on commercial paper 0.15% Marginal tax rate 35% Yield on Municipal bonds 2.00% Short-term portfolio beginning of year value 250000.00 Short-term portfolio end of year value 257000.00 Line of Credit with the Bank 350,000.00 Interest Rate on bank lending 5% Commitment Fee percentage on line of credit 0.50%) Compensating Balance percentage on line of credit 10% QUESTION 13 The company is facing a cash crunch and may need to issue $7,500,000 in commercial paper with a maturity of 45 days at the discount rate for commercial paper and the dealer fees rate given in the data above. A backup line of credit is also required and can be obtained from the company's regular bank at the stated commitment fee percentage. What would the dollar discount amount be for this commercial paper issuance? O a $14,500 O b.$459 O c. $9,375, O d. $1,406.25