The chief financial officer for Eagles Beach Wear and Gift Shop is planning for the companys cash flows for the next\ six months. The following table summarizes the expected accounts receivables and planned payments for each month\ (in $100,000s).\ Jan Feb Mar Apr May Jun\ Accounts Receivable\ (receive at the beginning of each month) 1.50 1.00 1.40 2.30 2.00 1.00\ Balances Due Planned Payments\ (due at the beginning of each month) 1.80 1.60 2.20 1.20 0.80 1.20\ The company currently has a beginning cash balance of $40,000 and desires to maintain a balance of at least $25,000\ in cash at the end of each month. To accomplish this, the company has several ways of obtaining short-term funds:\ 1. Delay Payments. In any month, the company can delay any portion of the balances due that month for one\ month. However, for this consideration, the company forfeits a 2% discount that normally applies when\ payments are made on time. (Loss of this 2% discount is, in effect, a financing cost.) For example, if the company\ delays 100,000 of the planned payment of $180,000 for January, then the payment in February for this delayed\ amount will be $100,000/0.98 = $102,041. In