40 No More Books Corporation has an agreement with Floyd Bank whereby the bank handles $4.8 million in collections per day and requires a $340,000 compensating balance. No More Books is contemplating canceling the agreement and dividing its eastern region so that two other banks will handle its business. Banks A and B will each handle $2.4 million of collections per day, and each requires a compensating balance of $190,000. No More Books' financial management expects that collections will be accelerated by one day if the eastern region is divided. 8 03:28:36 a. What is the NPV of accepting the system? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) What will be the annual net savings? Assume that the T-bill rate is 2.4 percent annually. (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) b. a. NPV $ 4,000 b. Annual net savings $ 896