Question: Digital Access Incorporated needs $ 2 8 8 , 9 6 0 in funds for a project. Assume the loan term is one year. With

Digital Access Incorporated needs $288,960 in funds for a project.
Assume the loan term is one year.
With a compensating balance requirement of 16 percent, how much will the firm need to borrow?
Note: Do not round intermediate calculations.

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