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Chap 27 HW-Cash Manag 0 Help Check my work 5 Company ABC as determined that a majority of its customers are located in a big

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Chap 27 HW-Cash Manag 0 Help Check my work 5 Company ABC as determined that a majority of its customers are located in a big metro area. Therefore, it is considering using a lockbox system offered by a bank located in the city center. The bank has estimated that use of the system will reduce collection time by 4 days. 10 points Sipped Average number of payments per day Average value of payment Variable lockbox fee (per transaction) Dely interest rate on money market securities 840 $1,200 $ 02 0.35% eBook What is the NPV of the new lockbox system? Print References Numeric Response

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