All answers need to be too decimal places and I need C answered correctly please.

Inventory financing Raymond Manufacturing faces a liquidity crisisit needs a loan of $131,000 for 1 month. Having no source of additional unsecured borrowing, the firm must find a secured short-term lender. The firm's accounts receivable are quite low, but its inventory is considered liquid and reasonably good collateral. The book value of the inventory is $393,000, of which $157,200 is finished goods. (Note: Assume a 365-day year.) (1) City-Wide Bank will make a $131,000 trust receipt loan against the finished goods inventory. The annual interest rate on the loan is 11.8% on the outstanding loan balance plus a 0.12% administration fee levied against the $131,000 initial loan amount. Because it will be liquidated as inventory is sold, the average amount owed over the month is expected to be $95,474. (2) Sun State Bank will lend $131,000 against a floating lien on the book value of inventory for the 1-month period at an annual interest rate of 12.8%. (3) Citizens' Bank and Trust will lend $131,000 against a warehouse receipt on the finished goods inventory and charge 15.7% annual interest on the outstanding loan balance. A 0.69% warehousing fee will be levied against the average amount borrowed. Because the loan will be liquidated as inventory is sold, the average loan balance is expected to be $78,600. a. Calculate the dollar cost of each of the proposed plans for obtaining an initial loan amount of $131,000. b. Which plan do you recommend? Why? c. If the firm had made a purchase of $131,000 for which it had been given terms of 2/15 net 31, would it increase the firm's profitability to give up the discount and not borrow as recommended in part b? Why or why not? a. The dollar cost of the trust receipt loan is $]). (Round to the nearest cent.) a. The dollar cost of the trust receipt loan is $ 1,096.03. (Round to the nearest cent.) The dollar cost of the floating lien is $ 1397.33. (Round to the nearest cent.) The dollar cost of the warehouse receipt loan is $ 1570.69. (Round to the nearest cent.) b. Which plan do you recommend? Why? (Select the best answer below.) O A. The Sun State Bank floating lien plan should be recommended, since the warehousing fee is less than 1%. O B. The City-Wide Bank trust receipt plan should be recommended, since the administrative fee is lower than the warehousing fee on the warehousing receipt plan. C. The City-Wide Bank trust receipt plan should be recommended, since it has the lowest cost. OD. The Sun State Bank floating lien plan should be recommended, since it has the lowest cost. O E. The Citizens' Bank and Trust warehouse receipt plan should be recommended, since it has the highest quoted rate. OF. The Citizens' Bank and Trust warehouse receipt plan should be recommended, since it has the lowest cost c. If the firm had made a purchase of $131,000 for which it had been given terms of 2/15 net 31, would it increase the firm's profitability to give up the discount and not borrow as recommended in part b? Why or why not? The cost of giving up the cash discount is 46.56 %. (Round to two decimal places.) The annual cost of the trust receipt plan recommended in part b above is %. (Round to two decimal places.) Inventory financing Raymond Manufacturing faces a liquidity crisisit needs a loan of $131,000 for 1 month. Having no source of additional unsecured borrowing, the firm must find a secured short-term lender. The firm's accounts receivable are quite low, but its inventory is considered liquid and reasonably good collateral. The book value of the inventory is $393,000, of which $157,200 is finished goods. (Note: Assume a 365-day year.) (1) City-Wide Bank will make a $131,000 trust receipt loan against the finished goods inventory. The annual interest rate on the loan is 11.8% on the outstanding loan balance plus a 0.12% administration fee levied against the $131,000 initial loan amount. Because it will be liquidated as inventory is sold, the average amount owed over the month is expected to be $95,474. (2) Sun State Bank will lend $131,000 against a floating lien on the book value of inventory for the 1-month period at an annual interest rate of 12.8%. (3) Citizens' Bank and Trust will lend $131,000 against a warehouse receipt on the finished goods inventory and charge 15.7% annual interest on the outstanding loan balance. A 0.69% warehousing fee will be levied against the average amount borrowed. Because the loan will be liquidated as inventory is sold, the average loan balance is expected to be $78,600. a. Calculate the dollar cost of each of the proposed plans for obtaining an initial loan amount of $131,000. b. Which plan do you recommend? Why? c. If the firm had made a purchase of $131,000 for which it had been given terms of 2/15 net 31, would it increase the firm's profitability to give up the discount and not borrow as recommended in part b? Why or why not? a. The dollar cost of the trust receipt loan is $]). (Round to the nearest cent.) a. The dollar cost of the trust receipt loan is $ 1,096.03. (Round to the nearest cent.) The dollar cost of the floating lien is $ 1397.33. (Round to the nearest cent.) The dollar cost of the warehouse receipt loan is $ 1570.69. (Round to the nearest cent.) b. Which plan do you recommend? Why? (Select the best answer below.) O A. The Sun State Bank floating lien plan should be recommended, since the warehousing fee is less than 1%. O B. The City-Wide Bank trust receipt plan should be recommended, since the administrative fee is lower than the warehousing fee on the warehousing receipt plan. C. The City-Wide Bank trust receipt plan should be recommended, since it has the lowest cost. OD. The Sun State Bank floating lien plan should be recommended, since it has the lowest cost. O E. The Citizens' Bank and Trust warehouse receipt plan should be recommended, since it has the highest quoted rate. OF. The Citizens' Bank and Trust warehouse receipt plan should be recommended, since it has the lowest cost c. If the firm had made a purchase of $131,000 for which it had been given terms of 2/15 net 31, would it increase the firm's profitability to give up the discount and not borrow as recommended in part b? Why or why not? The cost of giving up the cash discount is 46.56 %. (Round to two decimal places.) The annual cost of the trust receipt plan recommended in part b above is %. (Round to two decimal places.)