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Shark Bait Rafts $($SBR$)$ would like to set up a lock box collection system that would reduce its collection float by four days. SBR receives an average of $$1,650$ in payments per day. If its opportunity cost is $12$ percent, how much should SBR be willing to pay each month for the lockbox system? Assume annual compounding. Round your answer to the nearest cent.

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