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What is the daily opportunity cost of funds for a $7,000,000 accounts receivable that is currently in the collection process? Assume an annual opportunity cost

What is the daily opportunity cost of funds for a $7,000,000 accounts receivable that is currently in the collection process? Assume an annual opportunity cost rate of 3.65%.

Select one:

a.

$700

b.

$7,000

c.

$10,000

d.

$255,500

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