(Related to Checkpoint 18.2) (Calculating the cost of short term financing) The R. Morin Construction Company needs to bonow 590.000 to hep Inance the cest of a new finationg lts purchused Alternative A. The firri's barik has agreed to hend the 590,000 at a rate of 12 percent Interest would be discounted, and a 16 percert compensating belunce would tee required bank. a. Which wiltemative should Mocin select? toan akumative? a. The cost of Alternative A would be