Question 1 (1 point) Aqua System Inc. expects to have $15,872,606 in credit sales during the coming year. Currently all checks are sent to the home office. A proposed lockbox system can eliminate 5 days of float, releasing funds which, when invested, will earn 7.28 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