Problem 27-10 NPV and Reducing Float No More Books Corporation has an agreement with Floyd Bank, whereby the bank handles $5.6 million in collections a day and requires a $380,000 compensating balance. No More Books is contemplating canceling the agreement and dividing its eastern region so that two other banks will handle its business. Banks A and B will each handle $2.8 million of collections a day, and each requires a compensating balance of $230,000. No More Books