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Samson expects to generate sales of $44,000,000 in the coming year. Samson has estimated that it takes an average of three days for payments to

Samson expects to generate sales of $44,000,000 in the coming year. Samson has estimated that it takes an average of three days for payments to reach their central office and an additional two days to process the payments. What is the opportunity cost of the funds tied up in the mail and processing? Samson uses a 360-day year in all calculations and can invest free funds at 6%.

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