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Midwest Meats has a net cash inflow for the quarter of $2,258. The minimum and beginning cash balance is $500 and the firm has $2,304 in short-term debt. The quarterly interest on the loan is $33. How much does the firm need to borrow or how much can it repay on its loans to have a zero cumulative surplus for the quarter?

a. borrow and repay $0

b. borrow $33

c. repay $2291

d. repay $2225

e. repay $2258 (*picked answer and it was wrong*)

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