$2-$ Arranging short$-$term finance

Advantage Tennis Coaching $($ATC$)$ in Brisbane offers coaching for junior, elite and mature tennis players. Natasha Bartholomew, the sole proprietor, has identified that the business cycle will be seasonal, with most activities in the spring and summer months. As a result, she is predicting that net working capital will be negative from the beginning of April to the end of September. Natasha arranges with her bank for funds to finance net working capital during this period. She requires $180-$day money and about $$120000.$ Her bank offers commercial bills at $5$ per cent yield, including fees.

Required

a$.$ How much does Advantage Tennis Coaching receive?

b$.$ How much must the business repay?