Bantam Industries has budgeted the following information for Marche Cash receipts Beginning cash balance Cash payments Desired ending cash balance $311,000 15, eee 340, eee 35, eee If there is a cash shortage, the company borrows money from the bank. All cash is borrowed at the beginning of the month in $1,000 increments, and interest is paid monthly at 1% on the first day of the following month. The company had no det before March 1. How much cash will the company need to borrow in March? Multiple Choice $40,000 $49,000