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Walters Corporation's cash inflows average $ 2 0 0 , 0 0 0 ? day. Its bank has offered to implement a lock box /
Walters Corporation's cash inflows average $ day. Its bank has offered to implement a lock boxconcentration banking system that would cut receivables float from days to days for an annual fee of $ Walters has a cost of capital and is in the tax bracket.
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What is the net annual benefit NAB of the proposed system?
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