Question: Everett's Electronics is receiving an ABL loan on its inventory with the following terms: $6MM facility with $2MM funded, 5.6% interest rate, 5 year

Everett's Electronics is receiving an ABL loan on its inventory with the

Everett's Electronics is receiving an ABL loan on its inventory with the following terms: $6MM facility with $2MM funded, 5.6% interest rate, 5 year loan term, a 1% closing fee, a 0.5% unused line fee, a $100,000 per year collateral monitoring fee, and a $6000 per year audit fee. What is the expected annual return to the lender?

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