1. Norda Inc. has operations in four European countries and the United States. Because Norda is vertically integrated, it makes numerous shipments between these five units. In April, the scheduled payments between these units are as follows (in S millions) Paying Unit Receiving Unit United States Germany France BelgiumDenmark 2.0 6.0 2.5 2.5 U.S Germany France Belgium Denmark 3.0 4.0 5.0 3.5 2.5 1.0 6.0 2.0 a. If a multilateral netting program is utilized by Norda, what is the total volume of intercompany payments that will be made by Norda in April? What would be the volume of payments made without netting? If Norda can save 1/4 percent on each payment not made, what would be Norda's savings from using a netting system? b.Based on the information in the table, develop a payment schedule for Norda to follow in April (after netting). There is usually more than one feasible payment schedule