a. Green CO, is a new entrant in the industry. However, due to its competitive advantage in the manufacturing process, they foresee an increase in demand for the newly launch the first half of 2024. The company therefore requires an additional $200,000 as cash during the period. The financing options from the panel bank are summarized below: Option 1 Ordinary loan at the cost of 9% and 10% compensating balance. Option 2 Revolving credit of $250,000 at the rate of 10.5% with a 4% commitment fee of the unused fund. Option 3 Issuance of commercial papers with a face value of $1,000 each with an 8% interest rate and $50 flotation cost per paper. Option 4 Line of credit $250,000 with a 2% commitment fee on the unused fund and 3% interest rate. Taking this facility requires Green Co. to maintain a compensating balance of $40,000. Option 5 A discounted loan with a 12% interest rate and a compensating balance of 20% on the face value of the loan. This facility requires a demand deposit of $25,000. Required: i. Using the 360-day basis, determine the best source of short-term financing for Green Co