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No More Books Corporation has an agreement with Floyd Bank whereby the bank handles $3.4 million in collections a day and requires a $270,000 compensating

No More Books Corporation has an agreement with Floyd Bank whereby the bank handles $3.4 million in collections a day and requires a $270,000 compensating balance. No More Books is contemplating canceling the agreement and dividing its eastern region so that two other banks will handle its business. Banks A and B will each handle $1.7 million of collections a day, and each requires a compensating balance of $120,000. No More Books financial management expects that collections will be accelerated by one day if the eastern region is divided. What is the NPV of accepting the system?

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