Next Page Page 1 of 3 Question 1 (1 point) Aqua System Inc. expects to have $7,045,355 in credit sales during the coming year. Currently all checks are sent to the home office. A proposed lockbox system can eliminate 2 days of float, releasing funds which, when invested, will earn 9.48 percent per year. What annual savings can Aqua System expect if the system is implemented? Use a 365-day year. Round the answer to two decimal places Your Answer: