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Pedersen Corporation averages $60,000 in cash collections per day. The company is evaluating a new cash management system that would reduce the processing time for
Pedersen Corporation averages $60,000 in cash collections per day. The company is evaluating a new cash management system that would reduce the processing time for checks from 3 days to 1 day. If Pedersen's cost of capital is 11%, what annual savings could be realized by the new system?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
9th Edition
978-0134083285, 134083288, 978-0134084015
