EXERCISE (0.50 points) The CFO of a company needs 10,000 euros to deal with an unexpected payment and considers the possibility of discounting two promissory notes issued to one of his best customers. The first promissory note has a face value of 5,500 and a maturity of 30 days. The second promissory note has a face value of 5,500 and a maturity of 45 days. The discount rate that the bank applies in these operations is 9%. Additionally, the bank charges a commission of 0.5% on the face value. Taxes are 16.80 in the discounting of each promissory note. With this information, a) Calculate the amount of cash received in the batch of discounted promissory notes. Will the business receive enough cash to cover their liquidity needs? Justify your answer. (0.20 points) b) Specify the equation of financial equivalence required to calculate the cost experienced by the company (in terms of annual effective interest rate) in discounting the batch of promissory notes. (0.15 points) c) Specify the equation of financial equivalence required to calculate the return or yield obtained by the bank (in terms of annual effective interest rate) in discounting the batch of promissory notes. (0.15 points)