Neveready Flashlights Inc. needs $460,000 to take a cash discount of 2/10, net 70. A banker will loan the money for 60 days at an interest cost of $7100 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 % b. How much would it cost in percentage terms) i the firm did not take the cash discount, but paid the bill in 70 days instead of for 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 c. Should the firm borrow the money to take the discount? NO Yes d. If the banker requires a 13 percent compensating balance, how much must the firm borrow to end up with the $460,000? (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Amount to be borrowed