Close Window Moving to another question will save this response. >> Question 34 2 points Save Answer Benkart Tool and Die Company plans to sell $30,000,000 of 90-day commercial paper, on which it expects to pay discounted interest at a rate of 8% per year. Dealer fees are expected to be $40,000. The effective cost of credit to Benkart Tool and Die Company is: a. 8.13%. b. 13.64%. c. 17.22%. d. 32.53%