Prime Bank is offering your company the use of their cash collection service. They estimate that by speeding up your access to cash you can receive benefits with a present value of $1,138,500. The current cost of money is .011% per day. Prime Bank will charge your firm an annual fee of $27,500 (paid at the end of each year) plus a $39.60 processing fee (paid daily). Required: Assume a 365-day year. a. What discount rate should you use to discount the $27,500 annual fee