Please show your work for all questions and highlight your final answer, failure to show work will automatically cause question to be counted wrong. Excel documents are not accepted.per assignment direction.

5. A treasury manager needs to move $100,000 from one corporate account to the firms primary account. Moving the funds by wire will cost $15 while moving the funds by ACH will cost $0.30. The wire will clear one day faster than the ACH. The firm receives an earnings credit rate of 0.50% (reserve requirement ratio of 10%) for funds held in all accounts. If the firms opportunity cost of funds is 6.5%, what is the minimum transfer balance?

A. $88,685.95

B. $84,230.

77 C. $82,546.15

D. $226.15

6. The Williams Company can convert to ACH disbursing for $20,000. Williams is expected to average a perpetual 5,000 checks per year. ACH disbursing will save Williams 20 cents per payment. Using a discount rate of 10%, what is the minimum number of annual payments required to justify the cost to convert to ACH disbursing?

A. 5,000

B. 10,000

C. 100,000

D. 833