Question
A lock box arrangement involves 2 lock boxes clearing 300 checks per box. The bank fee per check is $0.12 with an additional $10 fee
A lock box arrangement involves 2 lock boxes clearing 300 checks per box. The bank fee per check is $0.12 with an additional $10 fee per day per box to transfer funds. The daily hurdle return for the company is .03%.
How much is the PV for the cost of the lockbox proposal?
| 306 667 | ||
| 3 067 | ||
| 240 000 | ||
| 153 333 |
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Principles Of Managerial Finance
Authors: Lawrence J Gitman, Chad J Zutter
7th Edition
0133546403, 9780133546408
