please complete all parts to the question. answer to alternative a is 94.06

Question Help Hand-to-Mouth (H2M) is currently cash-constrained, and must make a decision about whether to delay paying one of its suppliers, or take out a loan. They owe the supplier $10,500 with terms of 18/10 Net 40, so the supplier will give them a 1.8% discount if they pay by today (when the discount period expires). Alternatively, they can pay the full $10,500 in one month when the invoice is due. H2M is considering three options: Alternative A: Forgo the discount on its trade credit agreement, wait and pay the full $10,500 in one month Alternative B: Borrow the money needed to pay its supplier today from Bank A which has offered a one-month loan at an APR of 11.8%. The bank will require a (no interest) compensating balance of 5% of the face value of the loan and will charge a $95 loan origination fee. Because H2M has no cash, it will need to borrow the funds to cover these additional amounts as well. Alternative C: Borrow the money needed to pay its supplier today from Bank B, which has offered a one-month loan at an APR of 16.3%. The loan has a 1.4% tonn origination fee, which again H2M will need to borrow to cover, Alternative A: The effective annual cost is 94,06% (Round to two decimal places) ition Enter your answer in the answer box and then click Check Answer. parts remaining Clear All Final Check Mer