Question 24 (1 point) A company is considering implementing a lockbox system. If the system is implemented, the collection time will be reduced by 2 days. The average number of payments per day is 851, with an average payment value of $1,145. The lockbox charges a fee per transaction. (That is, the more the number of transactions, the more the total fees.) Assume the company can earn a 2.20% EAR on its cash balances and that there are 365 days in a year. What is the maximum transaction fee the company can pay and still be able to adopt the project with a positive NPV? $0.137 $0.140 $0.143 $0.147 $0.150 Previous Page Next Page Page 24 of 25 MacBook Air