Maria Sdn Bhd is facing the cash-flow difficulties to take advantage of the cash discounts given by a supplier at 3/10, net 40 . The firm has asked for approval to stretch payment to 60 days, nevertheless, the request has caused it to impair its credit rating. In solving the issue, Maria Sdn Bhd is considering (2) financing alternatives to meet its needed funds of RM252,000, either: - a transaction loan from the KR Bank for 9 months at an interest of 9% per annum. The bank will maintain 20% of the loan amount. The firm has a balance amounted to RM12,000 in its checking account. - a transaction loan from the KR Bank for 9 months at an interest of 9% per annum. The bank will maintain 20% of the loan amount. The firm has a balance amounted to RM12,000 in its checking account. Calculate the cost of foregoing the cash discount and Analyze which alternative should be chosen (show all workings). Maria Sdn Bhd is facing the cash-flow difficulties to take advantage of the cash discounts given by a supplier at 3/10, net 40 . The firm has asked for approval to stretch payment to 60 days, nevertheless, the request has caused it to impair its credit rating. In solving the issue, Maria Sdn Bhd is considering (2) financing alternatives to meet its needed funds of RM252,000, either: - a transaction loan from the KR Bank for 9 months at an interest of 9% per annum. The bank will maintain 20% of the loan amount. The firm has a balance amounted to RM12,000 in its checking account. - a transaction loan from the KR Bank for 9 months at an interest of 9% per annum. The bank will maintain 20% of the loan amount. The firm has a balance amounted to RM12,000 in its checking account. Calculate the cost of foregoing the cash discount and Analyze which alternative should be chosen (show all workings)