ABC Co is considering using a lockbox system. The use of the system will reduce collection time by 1.5 days. The company receives on an average 560 cheques everyday with average value of each cheque being $750. The bank will charge $0.10 processing fee for each cheque. Daily T-bill rate is 0.01%. There is an annual fixed charge of $2,250 to be paid at the end of each year for the lockbox services. ABC should:

	adopt the lockbox as the NPV is $7,392
	adopt lockbox as the NPV is $9,516
	not adopt the lockbox as the NPV is -$27,984
	not adopt lockbox as the NPV is -$5,236
	adopt lockbox as the NPV is $20,766