2. Your firm sells to wholesalers nationwide. Your bank has just completed a lockbox study of your cash collection system. After a thorough study of your remittance information, they categorized your customers into four groups as shown below. Your annual opportunity cost of funds is 5%. CUSTOMER GROUP # OF REMITTANCES AVERAGE FACE VALUE BANK A FLOAT BANK B FLOAT BANK C FLOAT 1 2,000 $50,000 5 3 1 2 4,000 $30,000 1 6 4 3 1,000 $18,000 3 7 5 4 200 $20,000 7 1 3 Variable Cost $0.30 $0.60 $0.80 Fixed Cost $300 $400 $150 2. Your firm sells to wholesalers nationwide. Your bank has just completed a lockbox study of your cash collection system. After a thorough study of your remittance information, they categorized your customers into four groups as shown below. Your annual opportunity cost of funds is 5%. CUSTOMER GROUP # OF REMITTANCES AVERAGE FACE VALUE BANK A FLOAT BANK B FLOAT BANK C FLOAT 1 2,000 $50,000 5 3 1 2 4,000 $30,000 1 6 4 3 1,000 $18,000 3 7 5 4 200 $20,000 7 1 3 Variable Cost $0.30 $0.60 $0.80 Fixed Cost $300 $400 $150