es Liz's Health Food Store has estimated monthly financing requirements for the next six months as follows: January February March $9,600 April $9,600 3,600 4,600 May 10,600 June 5,600 Short-term financing will be utilized for the next six months. Projected annual interest rates are: January February March 5.0% April 6.0% May 12.0% 12.0% 9.0% June 12.0% a. Compute total dollar interest payments for the six months. To convert an annual rate to a monthly rate, divide by 12. (Round intermediate calculations and final answers to 2 decimal places.) Total dollar interest payments b-1. Compute the total dollar interest payments if financing was constant at 12 percent throughout the six months. Total dollar interest payments b-2. If long-term financing at 12 percent had been utilized throughout the six months, would the total-dollar interest payments be larger or smaller? Smaller Larger