Neveready Fashhights inc. needs $346,000 to take a cash discount of 212 , net 74 . A banker wilt loan the money for 62 days at an interest cost of 510.500. o. What is the effective rate on the bank ioan? (Use a 360-day year. Do not round intermediate calculations, Input your answer as a percent rounded to 2 decimal ploces.) b. How much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 74 days instead of 12 days? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) c. Should the firm borrow the money to take the discount? No Yes d. If the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $346,000 ? e-1. What would be the effective interest rate in part dif the interest charge for 62 days were $12.300 ? (Use a 360 -doy yeor. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) e-2. Should the firm borrow with the 20 percent compensating balance requirement? (The firm has no funds to count against the comperisating batance requirement) Yes No