DEAX Manufacturing has account receivable collection centres around the country to speed up cash collections. The company also makes its disbursements to suppliers using cheques. Currently, the company has $3.5 million per day in accounts receivable collections and $2 million per day in payments to suppliers. DEAX is considering moving to electronic fund transfers for its accounts receivables and payables. It is expected that A/R collection in days will be reduced by 3 days and that A/P days (A/P holding period) will be reduced by 2 days. Required: Calculate the amount of cash freed up if the change to electronic a) fund transfers if made. (2 marks) Any excess funds can be invested to yield a 5% return and the annual fees for the electronic fund system are $275,000. b) Determine the net benefit or disadvantage associated with the electronic fund system. (2 marks)