Find out how what the racers garden depot is a retailer that is preparing its budget for the upcoming fiscal year management has prepared the following summary of its budgeted cash flows total cash receipts first quarter $270,002$nd quarter $420,000$ third$-$quarter three hundred thousand fourth$-$quarter three hundred and twenty thousand total cash disbursements first quarter three hundred and twenty three thousand second quarter to ninety three thousand third$-$quarter to eighty three thousand fourth$-$quarter three hundred and three thousand the companies beginning cash balance for the upcoming fiscal year will be $38,000.$ The company requires a minimum cash balance of $$10,000$ and may borrow any amount needed from a local bank at a quarterly interest rate of $3\%.$ The company may borrow any amount at the beginning beginning of any quarter, and may repay its loans or any part of its loans at the end of any quarter. Interest payments are due on any principal at the time it is repaid.For simplicity, assume that interest is not compounded For simplicity assume that interest is not compounded