A certain investor has approached you wishing to set up a repurchase agreement for $15,000,000 for 25 days. You have agreed to do so but will require collateral of $17,200,000 in U.S. Treasury bills with a repro rate of 2.12% to structure the deal. Part 1 [3 pts.] What is the size (%) of the haircut in this deal? Show all work. Carry all calculations out to four (4) decimal places (except dollars and cents). Highlight in bold your answer. Part 2 [2 pts.] How much will you receive ($) from the investor when the Repo is settled in 15 days?