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Aurora Electical Company of Yellowkn_o ships wind furbines throughout the country. Mc Beam, the financial managet, has determined that through the establishment of local coliection

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Aurora Electical Company of Yellowkn_o ships wind furbines throughout the country. Mc Beam, the financial managet, has determined that through the establishment of local coliection eentres around the couniry, he can speed up the collection of payments by two days. Futhermore, the cish management depariment of the compary's bank has indicated to him that he can defer payments on his. accounts by one day without offending suppliers. The bank has a remote disbursement centre in New Brunswick: a. If Aurora Electical Company has $2.55 milion per day in collections and $1.11 million per day in disbursements, how many dollars will the cosh management system free up? (Enter the answer in dollars not in millions.) Freed-up funds b. If Aurora Electical Company can carn 7x percent per annum on freed-up funds, how much income can be generated? (Enter the answer in dollars not in militions. Interest on fireed-up cash c. If the total cost of the sysem is $430,000 should it be implemented

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