the firm's commercial construction business. The crane will pay for itself in one year, and the firm is considering the following alternatives for financing its purchase: the compensating$-$balance requirement is not binding on the firm because it normally maintains a minimum demand deposit $($checking account$)$ balance of $$22,500$ in the bank.

Alternative B$.$ The equipment dealer has agreed to finance the equipment with a $1-$year loan. The $$90,000$ loan requires payment of principal and interest totaling $$104,337.$

a$.$ Which alternative should Morin select?

a$.$ The cost of Alternative A would be $\%.($Round to two decimal places.$)$