Neveready Flashlights Inc needs $345,000 to take a cash discount of 3/13, net 73. A banker will toan the money for 60 days at an interest cost of $12,300 a. What is the effective rate on the bank loan? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Effective rate of interont 21 39% b. How much would it cost in percentage terms) if the firm did not take the cash discount but paid the bill in 73 days instead of 13 days? (Use o 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) 18.56% Cost of not taking a cash discount 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 $345,000? Amount to be borrowed 1% e-1. What would be the effective interest rate in part d'if the interest charge for 60 days were $11,800? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Effective rate of interest e-2. Should the firm borrow with the 20 percent compensating balance requirement? (The firm has no funds to count against the compensating balance requirement.) O Yes O No