History Bookmarks Window Help Mon 3:15 PMa Chapter 8 Charming Paper Company sells to the 12 accounts listed here. Average Age of the Account Over the Last Year 27 $ 64,300 212,000 74,900 20,300 56,600 260,000 35,200 321,000 49,900 92,000 284,000 66,000 61 25 68 31 18 Capital Financial Corporation will lend 90 percent against account bofances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances belween 41 and 45 days. Customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. The current prime rate is 18.50 percent, and Capital charges 4.50 percent over prime to Charming as its annual loan rate a. Determine the maximum loan for which Charming Paper Company could quality Maximum loan amount much one month's interest expense would be on the loan balance determined in part a. (Do not round intermediate calculations Round your final answer to 2 decimal places.) 6