Which of the following statements is NOT CORRECT? a. Bank loans generally carry a higher interest rate than commercial paper. b. Accruals are "free" in the sense that no explicit interest is paid on these funds. c. A conservative approach to working capital management will result in most if not all permanent assets being financed with long-term capital. d. The risk to a firm that borrows with short-term credit is usually greater than if it borrowed using long-term debt. This added risk stems from the greater variability of interest costs on short-term debt and possible difficulties with rolling over short-term debt. e. Commercial paper can be issued by virtually any firm so long as it is willing to pay the going interest rate.