Determine the effect of each of the following on the present value of an ACH disbursement, using Equation 10.2:

Equation 10.2

PV of ACH = (Invoice * (1-Discount%)) / (1 + (TC +DF with ACH) * (i/365)) + Cost of ACH

a. An increase in the days float of an ACH b. An increase in the days float of the check c. An increase in the opportunity cost of funds d. A decrease in the discounted invoice price