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If average daily remittances are $5 million, and extended disbursement float adds 11 days to the disbursement schedule, how much should the firm be willing

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If average daily remittances are $5 million, and "extended disbursement float" adds 11 days to the disbursement schedule, how much should the firm be willing to pay for a cash management system if the firm earns 7% on excess funds? Select one: a. $3,955,000 b. $0 c. $3,850,000 d. $3,865,000

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