Problem 1 (7 points) Your company is considering three options for financing its short term operations i. Borrow Tk.25 million from Shuktara Bank at 15 percent interest rate and a 20 percent compensating balance requirement signing a 60 day promissory note. Borrow Tk.25 million from Chandramukhi Bank at 15 percent discount interest. Forego discount on a trade credit on terms 3/10, net 50. ii. wwwwww iii. Strictly based on effective cost, which option would you select and why