Question 1 (30 Marks) The table below provides information that can be used to estimate ABC bank's weigh marginal cost of funds for 2020. The estimates represent the best guess forecast funding sources and associated costs for the year. Interest cost Liabilities & Equity Average Amount Demand deposit Interest checking MMDAS $89,000 139,800 99,600 Other saving accounts Time deposits Time deposits Total deposits Federal funds purchased 36,000 Other Liabilities 15,000 Total liabilities 50,200 <$100,000 375,200 >$100,000 126,000 $879,800 0.0% 2.05% 2.4% 4.15% Process.&. Cost 2.5% 3.05% 3.9% 3.6% 2.5% 1.6% 10.4%* 0.0% 0.0% 0.5% 0.75% 0.15% $930,800 Stockholders' equity$ 69200 Total liab. & equity $1,000,000 *Required return Required: Calculate the bank's weighted marginal cost of capital. Nonearning Percentage 8.5% 7.0% 1.5% 0.0% 25.0% 2.5% 1.0% 1.0% 1.5%