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5. A firm is considering paying its suppliers using electronic payments versus paper checks. The assumptions for the analysis follow: ASSUMPTIONS PROPOSED (ACH DEBIT) Average Payment Credit Terms Float Processing Costs Per Item PRESENT (PAPER CHECKS) $30,000 40 days 4 Days $8.35 $30,000 40 Days 1 Day $3.00 The present system is more expensive, but has longer float. The proposed system is less expensive, but the firm loses three-days float. Given an i of 12%, calculate the per period cost of the disbursement options. Should the firm switch to electronic payments? Perform an NPV analysis and explain which payment system the firm should use. 5. A firm is considering paying its suppliers using electronic payments versus paper checks. The assumptions for the analysis follow: ASSUMPTIONS PROPOSED (ACH DEBIT) Average Payment Credit Terms Float Processing Costs Per Item PRESENT (PAPER CHECKS) $30,000 40 days 4 Days $8.35 $30,000 40 Days 1 Day $3.00 The present system is more expensive, but has longer float. The proposed system is less expensive, but the firm loses three-days float. Given an i of 12%, calculate the per period cost of the disbursement options. Should the firm switch to electronic payments? Perform an NPV analysis and explain which payment system the firm should use