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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

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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 14 For the possible commercial paper issuance described in the previous question, what would be the amount of funds actually raised? O a $7,500,000 O b.$7,325,000 O c $7,455, 550 O d. $7,490,625

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