After receiving responses to its bank services request for proposal (RFP), a company with simple accounts payable (A/P) and accounts receivable (A/R) needs narrows the selection to two banks, but their pricing methodologies are different. Assume that each financial institution offers identical payment services, uses a 30 day month and a 12 month year for calculations and disregard any tax implications. Using the information in the data set, what would be the bank and cost of the optimal option?