. Commonwealth Bank agrees to establish a 270-day bill facility using 90-day bank bills. The face value of the facility is $10 million, and the issuer is charged an acceptance fee of 60 basis points. Calculate the net cash flows from 1) the issuers and 2) the banks perspective, respectively. Briefly explain what does each of the cash flows stand for. (The first parcel is issued at a market yield of 4.80% p.a., the second at 4.65% and the third at 5.00%.) (25 marks)