Craigco requires $2 million in financing for a 45-day period. Three alternatives are being considered. Calculate the cost of each of these alternatives. E E 1 X A B IT a) Establish a line of credit with the bank at an interest rate of 8 percent. The bank will charge an annual commitment fee of 1 percent to establish the line of credit. (2 marks) b) Forgo trade discounts from suppliers on terms of 2/15, net 60. (2 marks) c) Issue commercial paper for 45 days at a discount of 2.5 percent. (2 marks) b) Forgo trade discounts from suppliers on terms of 2/15, net 60. (2 marks) Issue commercial paper for 45 days at a discount of 2.5 percent. (2 marks) d) Which alternative should they choose (1 mark)