Anne Teak, the financial manager of a furniture manufacturer, is considering operating a lock-box system. She forecasts that 400 payments a day will be made to lock boxes with an average payment size of $3,000. The bank's charge for operating the lock boxes is $0.40 a check. The interest rate is 0.011% per day.

A) If the lock box makes the cash available 2 days earlier, calculate the net daily advantage of the system. ( Do not round intermediate calculations.)