A firm has an accounts payable period of 46 days, an inventory period of 56 days, and an accounts receivable period of 34 days. What is the length of the cash cycle? Utility Resources, Inc. receives an average of 80 checks each day with an average value of $312 per check. If the firm decides to install a lockbox system, it can reduce its average collection time by 2 days. The cost of the system is $.29 per check. The daily interest rate on Treasury bills is .015 percent. What is the present value of the daily cost of the lockbox system? Should lockbox system be installed