5. Reliable Suppliers receives an average of 10 cheques per day. The average amount per cheque is $1,600. For years, it has taken the company an average of 4 days to process payments and make the cash available. Bernard R. Eliabl, the company's CFO, is considering a new processing system that is could potentially reduce the average collection time by 4 days. The daily interest rate on Treasury bills is .01 percent. What is the expected daily savings of the new system? 6. Stan recently began working for a local paper supplier in the finance & admin group. Things were going really well, and he thought he was really starting to understand how the office worked, until the CFO said "It is quite important for our company to maintain a minimum cash balance at all times, even when the cost of doing so is greater than the return generated by the funds held in reserve." Stan was puzzled by this comment. How would you explain it