Neveready Flashlights days at an interest cost of $7.300 Inc needs $480,000 to take a cash discount of 2/10, net 70. A banker will loan the money for 60 a. What is the annual rate on the bank loan? (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Annual rate % b. How much would it cost (n percentage terms) If the firm did not take the cash discount, but paid the bill n 70 days insteac of 10 days? (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Cost of not taking a cash discount 12.41 % c. Should the firm borrow the money to take the discount? Yes O No d. If the banker requires a 14 percent compensating balance, how much must the firm borrow to end up with the $480,000? (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Amount to be borrowed 558139 5 e-1. What would be the effective interest rate in part dif the interest charge for 60 days were $10,300? (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Annual rate 282 % e-2 Should the firm borrow with the 19 percent compensating balance? (The firm has no funds to count against the compensating balance requirement.)