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Sunny Coast Enterprises (A), Sunny Coast Enterprises has sold a combination of films and DVDs to Hong Kong Media incorporited for US$108.000, with payment din six months Sunny Coast Enterprises has the folowing altemasives for financing this receivable 1) Use its bank credit line. Interest would be at the prime rate of 4.6% plus 150 basis points permum 2) Useita bank credit in but purchase export credit Insurance for a 0.9% fee. Because of the reduced risk the bank interest rate would be reduced to 46% per annum without any points in both cases Sunny Coast would need to maintain a compensating balance of 22% of the loan's face amount, and no interest will be paid on the compensating balance by the bank What are the annualized percentage all in costs of each alternative? b. What are the advantages and disadvantages of each alternative? c. Which alternative would you recommend? (NOTE. Assume a 360-day year) Sunny Coast Enterprises (A), Sunny Coast Enterprises and a combination of time and DVDs to Hong Kong Media Incorporated for US$100,000, with payment mwy Coast Ephes the following shortives for financing this receivable to bank credit line. Interest would be at the prime we of 40% plus 150 basis ponto per annum User is bank in the porc Insurance for a 0.9% foe. Because of the reduced risk, the bank interest rate would be reduced to 46% per annum without any points in both can Sunny Coast would need to maintain a competing balance of 22% of the loan's face amount, and no interest will be paid on the compensating balance by the bank What are the percentage in costs of eache? b. What are the water antages of each mave? e. Which one wovid you como (NOTE Asume a 300-day year