Vincent Black Lightning requires $$960,000$ in financing over the next three years. The firm can borrow the funds for three years at $6$ percent interest per year. Vincent decides to do forecasting and predicts that if he utilizes short$-$term financing instead, he will pay $5$ percent interest in the first year, $3$ percent in the second year, and $8$ percent interest in the third year.

a$.$ Determine the total three$-$year interest cost under each plan.

$\backslash$table$[[$Fixed cost financing,Total$],[$Variable short$-$term financing,$