Question) ANZ agrees to establish a 270 day bill facility using 90-day bank bills. The face value of the facility is $4 million, and the issuer is charged an acceptance fee of 75 basis points. Calculate the net cash flows, from the issuer's perspective, occurring under the bill facility. (The first parcel is issued at a market yield of 3.90%, the second at 3.75% and the third at 3.70%.)