The following net transaction accounts have been documented by a bank for the computation of its reserve requirements (in millions). Tuesday Wednesday Thursday Friday Monday Tuesday Wednesday Thursday Friday Monday 11th 13th 14th 17th 18th 19th 20th 21th 24th $480 $430 $460 $440 $460 $480 $450 $440 $430 $420 12th Net transaction accounts The average daily reserves at the Fed for the 14-day reserve maintenance period have been $40.5 million per day, and the average vault cash for the computation period has been estimated to be $2 million per day. a. What is the amount of the average daily required reserves to be held by the bank during the maintenance period? (Do not round intermediate calculations. Enter your answer in millions rounded to 3 decimal places. (e.g., 32.161)) Average daily required reserves million b. Is the bank in compliance with the requirements? Yes O No