Your company has arranged a revolving credit agreement for up to $$76$ million at an interest rate of $1\mathrm{.}45$ percent per quarter. The agreement also requires your company to maintain a compensating balance of $6$ percent of the unused portion of the credit line, to be deposited in a noninterest$-$bearing account. Your company's short$-$term investment account at the same bank pays an interest rate of $\mathrm{.}59$ per quarter. What is the effective annual interest rate if your company borrows $$41$ million for one year?

Multiple Choice

$6\mathrm{.}51\%$

$6\mathrm{.}05\%$

$7\mathrm{.}60\%$

$6\mathrm{.}65\%$

$5\mathrm{.}93\%$