9 Roze Corporation is investigating a lockbox system to reduce its collection time. It has determined that on average, there are 405 payments with an average value of $1,200 each. If a lockbox system is implemented, the lockbox fee per transaction will be $0.65. If the collection time can be reduced by 4 days, and the daily interest on money market securities is.03%, then determine present value of adopting the system. 02:50:42 Multiple Choice $1,674,000 $1,944,000 O $1,854,000 O $1,584,000 Using the Miller-Orr model, what is the optimum upper limit? Multiple Choice O $133,699 O $100,455 $124,592 O O $151,617 $73,227