It takes Segura Corporation, about five days to receive and deposit cheques from customers. Segura Corporation'smanagementis considering a lockbox system to reduce the firm's collection times. It is expected that the lockbox system will reducereceipt anddeposit times to three days total. Average daily collections are $140,000, and the required rate of return is 9 percentper year. Tryand keep your answers as accurate as possible as you work through your questions. What is the reduction in outstanding cash balances as a result of implementing the lockbox system? Reduction = $ _______ What is the dollar return that could be earned on these savings (per day)? Dollar return = $ _______ What is the maximum monthly charge Segura Corporation should pay for this lockbox system? Maximum monthly charge = $ _______ per month