Liden Company has 10 lockbox operators that collect cheques from the customers of Liden. On average, each lockbox collects Tk.2,000 per day. The lockbox operators send these cheques to Liden's concentration bank on a daily basis, five days a week. By installing the lockbox system, Liden has reduced its average collection float from the previous 5 days to 2 days. Funds are transferred to concentration bank through depository transfer cheques, which costs Tk.25 per transfer. What is the total cost transferring funds from lockbox operators to the concentration bank? (1 year =52 weeks ) Tk. 1,040,000 Tk. 60,000 Tk.312,000 Tk.65,000