A company is considering a lockbox system that will reduce the collection time by 2 days on average. The company can earn an APR of 3.96% compounded daily on any cash balance. The average number of daily payments submitted to the lockbox is 1,942 with an average cheque size of $74. If the processing fee per cheque is $0.01, what is the NPV of adopting this lockbox? (Assume 365 days in one year.)

	$100,287
	$102,998
	$105,708
	$108,419
	$111,129