Aggressive versus conservative seasonal funding strategy Dynabase Tool has forecast its total funds requirements for the coming year as shown in the following table.

$$January $$2,000,000$

February $$2,000,000$

March $$2,000,000$

April $$4,000,000$

May $$6,000,000$

June $$9,000,000$

July $$12,000,000$

August $$14,000,000$

September $$9,000,000$

October $$5,000,000$

November $$4,000,000$

December $$3,000,000$

a$)$Divide the firm's monthly funds requirement into$(1)$a permanent component and$(2)$a seasonal component, and find the monthly average for each of these components.

b$)$Describe the amount of long$-$term and short$-$term financing used to meet the total funds requirement under$(1)$an aggressive funding strategy and$(2)$a conservative funding strategy. Assume that, under the aggressive strategy, longterm funds finance permanent needs and short$-$cterm funds are used to finance seasonal needs.

c$)$Assuming that short$-$term funds cost$5\%$ annually and that the cost of longterm funds is$10\%$annually$,$ use the averages found in part$($a$)$to calculate the total cost of each of the strategies described in part$($b$)$Assume that the firm can earn$3\%$on any axcess cash balances.

$$d$)$Discuss the profitability$-$risk trade$-$offs associated with the aggressive strategy and those associated with the conservative strategy.

Please show all the work on how you arrive to the answer, especially part B and C thank you.