Problem 4 Patel Lodging Corporation (PLC) collects $20,000,000 a year from major corporate clients. The average remittance check is $2,000. A lockbox system would shorten the float by two days, but would cost $1,000 per year plus $.20 per check. PLC's relevant interest rate is 10 percent. Cash Management 573 Required: Should PLC use this lockbox system? Use numbers to support your