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You are working as a treasurer for a Toronto-based long-term healthcare company. Your company has $100,000,000 of excess cash and you notice that, on Dec

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You are working as a treasurer for a Toronto-based long-term healthcare company. Your company has $100,000,000 of excess cash and you notice that, on Dec 1, 2021 the overnight money market financing rate is 0.2063%. If you consider depositing your company's excess cash ($100,000,000) for 28 consecutive days in this overnight rate, calculate the after-tax interest income assuming that the tax rate on interest income is 40%. Also, assume that there is no transaction cost (Do not use the $ sign. If your answer is $123,456.78. enter 123456.78). Numeric Response

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