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Please help. Thank you in advance. I will upvote accordingly Check my work Company ABC as determined that a majority of its customers are located
Please help. Thank you in advance. I will upvote accordingly
Check my work Company ABC as determined that a majority of its customers are located in a big metro area. Therefore, It is considering using a lockbox system offered by a bank located in the city center. The bank has estimated that use of the system will reduce collection time by 4 days. 700 Average number of payments per day Average value of payment Variable lockbox fee (per transaction) Dally Interest rate on money market securitles $1,400 $ 0.2 0.45% What is the NPV of the new lockbox system? Numeric ResponseStep by Step Solution
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