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Question 4 Homework Unanswered XYZ Corporation is investigating a lockbox system to reduce its collection time. It has determined that on average, there are 700

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Question 4 Homework Unanswered XYZ Corporation is investigating a lockbox system to reduce its collection time. It has determined that on average, there are 700 payments with an average value of $425 each. If a lockbox system is implemented, the lockbox fee per transaction will be $0.20. If the collection time can be reduced by 3 days, and the daily interest on money market securities is 0.02%, then should XYZ implement the lockbox? Why? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Yes, the NPV is $192,500 b No, the NPV is -$ 192,500 . Yes, the NPV is $892,500 d No, the NPV is -$700,000 e Yes, the NPV is $322,500

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