A firm in need of medium-term funding for approximately 1.5 years issues an $14,700,000 commercial bill with a 180-day rollover facility provided by a commercial bank. Assume 365 days in a year.

(a) If the yield at issue is 5.3%, what proceeds will the firm receive for the primary issue of the bill? $ (Round to 2 decimal places, and don't insert a comma into your answer. For example, use 1000, not 1,000)

(b) On the first roll-over, if the yield at that time was 6.25%, how much will the firm have to pay the bank to execute the roll-over facility (i.e., the rollover fee)? $ (Round to 2 decimal places, and don't insert a comma into your answer. For example, use 1000, not 1,000)