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1 pts Question 21 a Webmatics has daily sales of $100,000 all received in checks and the value of a check is $500 on average.

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1 pts Question 21 a Webmatics has daily sales of $100,000 all received in checks and the value of a check is $500 on average. Company has a cost of capital of 7%. The financial manager is evaluating a bank's lockbox service that would reduce the collection time of checks by 14 days. The bank charges $0.90 to process a check. Assume that there are 365 business days in a year. Webmatics should: a implement the lockbox service, since the benefit is $32,300 higher than the cost of lockbox. implement the lockbox service, since the benefit is $32,400 higher than the cost of lockbox implement the lockbox service, since the benefit is $32,100 higher than the cost of lockbox O NOT implement the lockbox service, since the cost is $32,800 higher than the cost of lockbox O NOT implement the lockbox service, since the cost is $31,700 higher than the benefit of lockbox

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