Every two weeks, No More Pencils, Inc., disburses checks that average $107,000 and take seven days to clear. How much interest can the company earn annually if it delays transfer of funds from an interest-bearing account that pays .009 percent per day for these seven days? Ignore the effects of compounding interest. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Interest No More Books Corporation has an agreement with Floyd Bank whereby the bank handles $4.5 million in collections per day and requires a $340,000 compensating balance. No More Books is contemplating canceling the agreement and dividing its eastern region so that two other banks will handle its business. Banks A and B will each handle $2.25 million of collections per day, and each requires a compensating balance of $195,000. No More Books's financial management expects that collections will be accelerated by one day if the eastern region is divided. a. What is the NPV of accepting the system? (Do not round intermediate calculations.) b. What will be the annual net savings? Assume that the T-bill rate is 2.5 percent annually. (Do not round intermediate calculations.) a. NPV b. Annual net savings Every two weeks, No More Pencils, Inc., disburses checks that average $107,000 and take seven days to clear. How much interest can the company earn annually if it delays transfer of funds from an interest-bearing account that pays .009 percent per day for these seven days? Ignore the effects of compounding interest. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Interest No More Books Corporation has an agreement with Floyd Bank whereby the bank handles $4.5 million in collections per day and requires a $340,000 compensating balance. No More Books is contemplating canceling the agreement and dividing its eastern region so that two other banks will handle its business. Banks A and B will each handle $2.25 million of collections per day, and each requires a compensating balance of $195,000. No More Books's financial management expects that collections will be accelerated by one day if the eastern region is divided. a. What is the NPV of accepting the system? (Do not round intermediate calculations.) b. What will be the annual net savings? Assume that the T-bill rate is 2.5 percent annually. (Do not round intermediate calculations.) a. NPV b. Annual net savings