Arshadi Wineries is considering the purchase of lockbox services from First reduced by 2 days with the lockbox system. The average number of payments receiv 24. Ba ncorp. Cu per day is 300 and the average 360-day year. rrently, it takes 6 days to collect funds from customers; this would be check size is $150. First Bancorp will charge Se per check for operating the lockbox system. Assume one-year T-bills yield 5%, and use a (i) Calculate the daily rate of return (ii) Should Arshadi Wineries purchase the system (i.e., is its NPV greater than 0?) (ii) What is the maximum acceptable cost per check that Arshadi Wineries coul pay and still find the system acceptable