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Alvarez Boots is investigating a lockbox system that would reduce its collection time by two days at a cost of $.42 per transaction. The company
Alvarez Boots is investigating a lockbox system that would reduce its collection time by two days at a cost of $.42 per transaction. The company receives an average of 498 payments per day with an average value of $1,687 each. The Treasury daily interest rate is .012 percent. What is the NPV of adopting the lockbox system? $28,506 $54,234 $62,748 $84,468 $71,018
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