Neveready Flashlights Inc. needs $$350,000$ to take a cash discount of $2/10,$ net $70.$ A banker will loan the money for $60$ days at an interest cost of $$6,000.$ 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 $12\mathrm{.}59\%$ b$.$ How much would it cost $($in percentage terms$)$ if the firm did not take the cash discount, but paid the bill in $60$ days instead 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 $14\mathrm{.}90\%$ c$.$ Should the firm borrow the money to take the discount? multiple choice $1$ Yes No d$.$ If the banker requires a $15$ percent compensating balance, how much must the firm borrow to end up with the $$440,000?($Use $365$ days in a year. Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$ Amount to be borrowed $ $44000$ e$-1.$ What would be the effective interest rate in part d if the interest charge for $50$ days were $$9,100?($Use $365$ days in a year. Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$ Annual rate $13\mathrm{.}47\%$ e$-2.$ Should the firm borrow with the $20$ percent compensating balance? $($The firm has no funds to count against the compensating balance requirement.$)$ multiple choice $2$ Yes No