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If average daily remittances are $6 million, and extended disbursement float adds two days to the disbursement schedule, how much should the firm be willing

If average daily remittances are $6 million, and "extended disbursement float" adds two 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? Multiple Choice O $420,000 O $1,200,000 $0 $840,000

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