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The current cash management system of Craigco requires five days to collect its daily receipts of $350,000. Now Bank offers to reduce the collection time

The current cash management system of Craigco requires five days to collect its daily receipts of $350,000. Now Bank offers to reduce the collection time by four days for an annual fee of $75,000. If the opportunity cost of funds is 7 percent, should Craigco accept the bank's offer? (5 marks) 59 ABC Corporations Bonds are currently selling at a discount. It sells for 98.65 of par and matures in 150 days vestion N 6 Addressimage text in transcribed

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