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 ows: 15t Quarter 2nd Quarter 3rd Quarter 4th Quarter Total cash receipts 5 133,333 5 333,333 5 213,333 5 233,333 Total cash disbursements 5 253,333 5 233,333 5 223,333 5 243,333 [ The company's beginning cash balance for the upcoming fiscal year will be $207000. 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 bOl'l'OW any amount at the 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 itis repaid- For simplicity, assume that interest is not compounded