Dexter Instrument Companys sales average $8 million per day. Round your answers to the nearest dollar. Enter your answers in whole dollars. For example, an answer of $1.20 million should be entered as 1,200,000, not 1.20.

If Dexter could reduce the time between customers mailing their payments and the funds becoming collected balances by 4.0 days, what would be the increase in the firms average cash balance?

$

Assuming that these additional funds can be invested in marketable securities to yield 9.0 percent per annum, determine the annual increase in Dexters (pretax) earnings.

$