19. An organization has an opportunity to establish a zero balance account system using four different regional banks.

The total amount of the maintenance and transfer fees is estimated to be $8,000 per annum. The organization believes that it will increase the float on its operating disbursements by an average of two days, and its cost of shortterm funds is 4%. Assuming the organization estimates its average daily operating disbursements to be $80,000, what decision should the organization make regarding this opportunity?

a. Do not open the zero balance accounts due to the additional cost of $8,000.

b. Do not open the zero balance accounts due to an excess of costs over benefits of $1,600.

c. Open the zero balance accounts due to an estimated savings of $1,200.

d. Open the zero balance accounts due to an estimated savings of $6,200.