Hand-to-Mouth-(H2M) is currently cash-constrained and must make a decision about whether to delay paying one of its suppliers or take out a loan. It owes the supplier \\( \\$ 12,000 \\) with terms of \\( 1.6 / 10 \\) Net 40 , so the supplier will give it a \1.6 discount if it pays by today (when the discount period expires). Alternatively, it can pay the full \\( \\$ 12,000 \\) in one month when the invoice is due. \\( \\mathrm{H} 2 \\mathrm{M} \\) is considering three options. Alternative A: Forgo the discount on its trade credit agreement, wait, and pay the full \\( \\$ 12,000 \\) in one month. Alternative B: Borrow the money needed to pay its supplier today from Bank A, which has offered a one-month loan at an APR of \12 with monthly compounding. The bank will require a (no-interest) compensating balance of \4.6 of the face value of the loan and will charge a \\( \\$ 100 \\) loan origination fee. Because H2M has no cash, it will need to borrow the funds to cover these additional amounts as well. Alternative A: The effective annual rate is (Round to two decimal places.) Alternative B: The effective annual rate is \25.40. (Round to two decimal places.) Alternative C: The effective annual rate is \\%. (Round to two decimal places.)