Marcos Company annual sales are $730 million. Suppose Marcos can reduce the time required to process customer
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Question:
Marcos Company annual sales are $730 million. Suppose Marcos can reduce the time required to process customer payments by 3 days through more efficient payment processing techniques. Given that any funds released by these methods can be invested elsewhere in the company to yield a 15% pretax rate of return, determine the annual increase in pretax returns. (Assume 365 days per year in all calculations.)
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