need the effective annual Cost for Alternative A, B, and C.

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. They owe the supplier $13,000 with terms of 2.2/10 Net 40 , so the supplier will give them a 2.2% discount if they pay by today (when the discount period expires). Alternatively, they can pay the full $13,000 in one month when the invoice is due. H2M is considering three options: Alternative A: Forgo the discount on its trade credit agreement, wait and pay the full $13,000 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 12.1%. The bank will require a (no-interest) compensating balance of 5.3% of the face value of the loan and will charge a $105 loan origination fee. Because H2M has no cash, it will need to borrow the funds to cover these additional amounts as well. Alternative C: Borrow the money needed to pay its supplier today from Bank B, which has offered a one-month loan at an APR of 14.5%. The loan has a 1.2% loan origination fee, which again H2M will need to borrow to cover. Alternative A: The effective annual cost is \%. (Round to two decimal places.)