Your company has agreed to a $$360$ million fixed$-$commitment line of credit. The loan agreement calls for your company to pay $1\mathrm{.}43$ percent per quarter

on any funds borrowed and maintain a $4$ percent compensating balance on any funds borrowed at zero percent interest. What is the effective annual

interest rate on this line of credit? Multiple choice $5\mathrm{.}84\%,5\mathrm{.}01\%,6\mathrm{.}09\%,5\mathrm{.}97\%,5\mathrm{.}19\%$