Flashlights, Inc needs $500,000 to take a cash discount of 2/10, net 80 A 8 banker wll loan the money for 70 days at an interest cost of $7.500 a What is the annual rate on the bank loan? (Use 365 days in a year. Do not round intermediate celculetions. Round the final answer to 2 decimal places) b. How much would it cost (in percentage terms) if the firm did not take the cash discount, but paid the bill in 80 days instead of 10 days? (Use 365 days in a year Do not round intermediate calculations. Round the final answer to 2 decimal places) c.Should the firm borrow the money to take the discount? Yes i No rcent compensating borrow to end up wiath the s500000? (Use 365 days in a year. Do not round balance, how much must the fiem 8 O No d. If the banker requires a 13 percent compensating balance, how much must the fim borrow to end up with the $500,000? (Use 365 days in a year. Do not round ermediate calculations. Round the e-1. What would be the effective interest rate in part d if the interest charge for 70 days were $10.500? (Use 365 days in a year. Do not round intermediate caiculations Round the final answer to 2 decimal places.) Effective interest rate e-2 Should the firm borrow with the 18 percent compensating balance? (The firm has no funds to count against the compensating balance requirement) No