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The company has a total annual collection of $1,800,000 and a total check releases of $1,500,000. The collection normally takes 3 days to make the
The company has a total annual collection of $1,800,000 and a total check releases of $1,500,000. The collection normally takes 3 days to make the fund available while it too the suppliers 5 days to withdraw the payment. The fund can be invested with an expected return of 10%. (Assume 360 days). What is the Opportunity cost?
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