Macco Bakers requires additional financing for a 90-day period. Four alternatives are being considered Additional financing required $ 590,000 a) Establish a line of credit with the bank. The bank will charge a fee to establish the line of credit. Interest rate on line of credit 9.0% Fee charged 5,500 b) Forgo trade discounts from suppliers on terms of 2/10, net 100. c) Issue commercial paper for 90 days. Discount rate on commercial paper 3.0% d) Obtain a loan from the bank. Instead of charging a fee to establish the credit, the bank requires a compensating balance. Macco Bakers currently has no idle cash to apply against this compensating balance. 7.50% $ 26,000 Interest rate on loan Compensating balance required Required Which alternative should be selected