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very quick 2. Beta Bank has offered you a cash management system which will reduce the collection time for your company's daily receipts by 3
very quick 2. Beta Bank has offered you a cash management system which will reduce the collection time for your company's daily receipts by 3 days. This service will cost you \\( \\$ 16,000 \\) per year, Currently short term money market mete (your opportanity cost) is \6 You are forecasting annaal credit sales of \\( 546,355,000 \\) millian. a. Calculate the daily sales value \\( \\mathbf{I}_{\\mathrm{pr}} \\) b. Calculate the amount of frect up eash Ipt c. Calculate the aneual benefit froen the freed ug canti before the bunk's fec 2 pes. d. Cakculate the net benefit of the proposal Int c. Would you take the deal or nor? \\( 2 p \\) ts
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