Daye Wlef, the 1rice president for cash management, asked you to prepare a report containing your recommendations for the number of Iockboxes and the best lockbox location Mr. Wolff is primarily concerned with minimizing lost interest income, but he want you to also consider the effect of an annual fee charged for maintaining a lockhox at any location, Although the amount of the fee is unknown at this time, we can assume that the fees will be in the range of $20|IDG to sso,ooo per location. Once good potential locations have been selected, Mr, Wlff will inquire as to the annual fees