Your 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 two days on average. You, of course, are delighted [you're not sure why), but you do know your average daily collections amount to $400,000. Your opportunity cost of funds is 7 percent The bank provides this service for $62,000 plus a compensating balance in your current account of $84.500 A compensating balance is the amount you are required to maintain interest free at that bank) a Is this package worth it? No Yes b. By how much? (Negative answer should be indicated by a minus sign) Annual Saving