Problem $27-9$ Value of Delay

Every two weeks, No More Pencils, Incorporated, disburses checks that average $$79,000$ and take five days to clear. How much interest can the company earn annually if it delays transfer of funds from an interest$-$bearing account that pays $\mathrm{.}011$ percent per day for these five days? Ignore the effects of compounding interest. $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$