20. value 10.00 points Bird's Eye Treehouses, Inc., a Kentucky company has determine mat a majority of its customers are located in the Pennsylvania area It therefore is considering using a lockbox system offered by a bank located in Pittsburgh. The bank has estimated that use of the system will reduce collection time by 2.0 days Assume 365 days a year Average number of payments per day Average value of payment Variable lockbox fee (per transaction) Annual interest rate on money market securities 810 $ 760 $ 0.20 5.0% What is the NPV of the new lockbox system? NPV $ Suppose in addition to the variable charge that there is an annual fixed charge of $4,000 to be paid at the end of each year What is the NPV now? (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places. (e.g. 32.16)) NPV References Ronk & Resources