Toni's has a net cash inflow, excluding long-term financing expenses, for the quarter of $418.02. The beginning cash balance is $187.40. The firm has $546 in short-term debt with a quarterly interest rate of 1.2 percent. New company policy is to maintain a minimum cash balance of $140. How much does the firm need to borrow or how much can it repay on its loan to have a zero cumulative surplus for the quarter?

Multiple Choice

Repay $308.19

Borrow $276.69

Repay $458.87

Borrow $458.87

Repay $465.42