Tour banker has analyzed your company account and has suggested that her bank has a cash management package for you. She suggests that with a concentration banking system, your float can be reduced by four days on average. You, of course, are delighted (you're not sure why). but you do know your average daily collections amount to $410,000. Your opportunity cost of funds is 9 percent. The bank provides this service for $65,000 plus a compensating balance in your current account of $103,500. What is the net funds freed up? Answer 1 Choose. What is the annual benefit for the company from freed up funds? Answer 2 Choose. What is the annual savings? Answer 3 Choose- Was the idea of using the new banking system a good idea? Answer 4 Choose