Neveready Flashlights Inc. needs $365,000 to take a cash discount of 3/13, net 79. A banker will loan the money for 66 days at an interest cost of $6,800 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 | 10.15%| b. How much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 79 days instead of 13 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 ! 16.84 c. Should the firm borrow the money to take the discount? Yes O No d. If the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $365,000? Amount to be borrowed s 521.429 % e-1. What would be the effective interest rate in part d if the interest charge for 66 days were $14,400? (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.) Yes O No