Uestion 3 Your firm needs to borrow $500,000 for one year. Your banker offers the following four loan options, Obviously, you'll want the best (lowest) effective rate you can get: Which one will you choose? Select one: a. 11% simple interest b. 12% discount interest c. 9% simple interest with a 20% compensating balance d. 12% simple e. Can't tell without knowing the firm's tax rate Clear my choice