The Saban Corporation is trying to decide whether to switch to a bank that will accommodate electronic funds transfers from Saban's customers new system would decrease its collection float by as much as 9 days. The new bank would balance requirement. Saban's average daily at the new bank will be deposited in a non-interest-eaming account.) . Saban's financial manager believes the bank has no compensatng I ctons are $8,500, and it can earn 8.7% on ts short-term investments. Should Saban make the switch? (Assum a the compensating balance As a resuit of using the electronic funds tra nster systom, the amount of olection float teed up is Round to the nearest dollar) The amount that is immediately available to Saban Corporation is s(Round to the naarest dolar.) banks. (Select from the drop-down menu) Saban should