Neveready Flashlights Inc needs $450.000 to take a cash discount of 2/10, net BO. A banker will loan the money for 70clays at an interest cost of $7000 a. What is the annual rate on the bank loan? (Une 365 days in a yoor. Do not round intermediate calculations. Round the final answer to 2 decimal places.) 3 Annual rate % b. How much would it cost in percentage terms) if the firm did not take the cash discount, but paid the bill in B0 days instead of 10 days? (Use 365 days in a year. Do nor round intermediate calculations. Round the final answer to 2 decimal places.) 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 12 percent compensating balance, how much must the firm borrow to end up with the $450,000 (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places) Amount to be borrowed S e-1. What would be the effective interest rate in part of the interest charge for 70 days were 59. of (Use 365 days in a year. Do not round Intermediate calculations. Round the final answer to 2 decimal places. Annual rote d. If the banker requires a 12 percent compensating balance, how much must the firm borrow to end up with the $450,000? (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Amount to be borrowed e-1. What would be the effective interest rate in part d'If the interest charge for 70 days were $9,500? (Use 365 days in a year. Do not round intermediate calculations, Round the final answer to 2 decimal places.) Annual rate --2. Should the firm borrow with the 17 percent compensating balance? (The firm hos no funds to count against the compensating balance requirement) NO Yes