Myers Ltd. has a line of credit agreement with its bank, which allows it to access short-term loan with an annual interest rate of 8%. (Assume that all borrowings occur at the end of each quarter). Myers Ltd. does not have a minimal cash balance requirement and does not have any outstanding loan at the beginning of Quarter 1. What is Myers Ltd.'s forecasted borrowing (or repayment) at the end of Quarter 2? A. Repayment =$4,100 B. Repayment =$39,100 C. Borrowing =$36,400 D. Borrowing =$40,000 E. Borrowing =$40,900