Delbert, nc. has prepared its third quarter budget and provided the tollowing data Jul Aug Sep $50,000 $39,900 $47,800 Cash 29,000 22,100 17,800 12,500 9,100 11,700 13.500 24,600 The cash on June 30 is projected to be $4.200. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make of $5,000 whenever there is surplus cash. How much will the company have to borrow at the end of July? any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month. T atan annual rate of 4% All are assumed to take place at the end of the O B. $10,000 O C. $15,000 O D. $5,000 Athan report credit IMG 0271.1. 0 Type here to search