Boatler cadilac Co. requires $910,000 in financing over the next three years. He firm can borrow the funds for 3 years at 8 percent of interest pay per year. Mr. Boatler decides to do forecasting and predicts that if he utilizes short term financing instead, he will pay 4 percent interest in the first year, 7 percent in the second year and 12 percent interest in the third year a.) Determine the total three year intrest cost under each plan. fixed cost financing = Variable short term =