Eskay Traders limited has a annual turnover of Rs.126 crores which is spread evenly throughout the year during each of the 50 working weeks of the year. The pattern of cash receipts during each day of the 5 working days (Monday to Friday) for each week is as follows The receipts on Mondays and Fridays is twice the receipts on the other three days of the week. The cost of banking is estimated to be Rs.10000 per day. The company operates on bank OD of which the current rate of interest is 16% p.a. The interest charge is applied on a simple daily basis. Presently the company deposits its daily receipts in the bank on the same day. Suggest any other alternative which can reduce the total cost of banking to the company. (5 Marks)