Billies Boots has a net cash inflow for the quarter of $248, excluding long-term financing expenses. The minimum and beginning cash balance is $300 and the firm has $2,300 in short-term debt. The quarterly interest on the loan is $37. How much does the firm need to borrow or how much can it repay on its loans to have a zero cumulative surplus for the quarter?

Multiple Choice

Repay $164

Repay $211

Borrow $89

Borrow and repay $0

Repay $89