Bork Corporation wishes to borrow $ 100, 000 for one year. It has the following alternatives available to it. An 8 percent loan on a discount basis with 20 percent compensating balances required. A 9 percent loan on a discount basis with 10 percent compensating balances required. A 10.5 percent loan on a collect basis with no compensating balance requirement. Which alternative should the Bork Corporation choose if it is concerned with the effective interest rate