Angus Bank holds no excess reserves. The desired reserves ratio is 9%, and reserves are currently $27million.

The amount of deposits is $___ million (round to 1 decimal place)

The reserve shortage created by a deposit outflow of $5million is $_____ million (round to 2 decimal places)

The cost of the reserve shortage if Angus Bank borrows in the overnight funds market (assume the overnight rate is 0.25%) is $____