Derivative - CFA Topic Tests - "Mink" Case

For question 3

Why are they considering the EAR from perspective of borrower whereas bank is lender here?? Since they have added net option cost to loan amount (if he were a lender then he would have deducted 31050 from 60 million), i was assured they have considered this loan from borrower side.

My question is since we are worried about Casford Bank’s side and he is a lender then why we considered loan from borrower perspective?

Am i wrong here?

You are correct. I had the same q. My answer was 8.39. I think it’s a mistake. Let it go.