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Evaluating altemative notes: A borrower has two altermatives for a loan: (1) issuea $210,000,90-day, 746 note or (2) issue a $210,000, 90 -day note that the credtor discountirat 7\%. Assume a 360-day year: a. Compute the amount of the interest expense for each option. for esch alternative. b. Determine the proceeds received by the borrower in esch situation. (1) $210,000, 90-day, res interest-bearing note (2) 5210,000,90-day note discounted at 7 th c. Altemative to more favorable to the borrower because the borrower