Neveready Flashlights Inc. needs $350,000 to take a cash discount of 3/18, net 72. A banker wil dan the money for 54 days at an interest cost of $14,500 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 interest b. How much would it cost in percentage terms) f the firm did not take the cash discount but paid the bil in 72 days instead of 18 days? (Use a 360-day year. Do not round Intermediate calculations. Input your answer as a percent rounded to 2 decimal places) Cost of not taking a cash discount c. Should the firm borrow the money to take the discount? No d. If the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $369,000 Amount to be borrowed Neverendy Flashlights Inc. needs $350,000 to take a cash discount of 3/18, net 72. A banker wil loan the money for 54 days at an interest cost of $14,500 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 interest 2 6.99 b. How much would it cost in percentage terms) If the firm did not take the cash discount but paid the bil in 72 days instead of 18 days? Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places) Cost of not taking a cash count 2 062% c. Should the firm borrow the money to take the discount? d. If the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $359,000? Amount to be borrowed 0-1. What would be the effective interest rate in part d if the interest charge for 54 days were $15.9007 (Use a 360-day year. Do not round Intermediate calculations. Input your answer as a percent rounded 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)