Michaels Computers is evaluating proposals from two different factors that will provide receivables financing. Big Fee Factoring will finance the receivables at an annual percentage rate (APR) of 8%, discounted, and charges a fee of 4%. High Rate Factoring offers an APR of 14%(non-discounted) with fees of 2%. The average term of either loan is expected to be 35 days. With an average receivables balance of $250,000, which proposal should Michaels accept?