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Your company has an average receipt size of 1,700 baht. ENT350 Bank has approached you regarding a lockbox service that will decrease your total collection
Your company has an average receipt size of 1,700 baht. ENT350 Bank has approached you regarding a lockbox service that will decrease your total collection time by two days. You usually receive 6,000 checks per day. The daily interest rate is 0.015 percent. The bank charges a loxkbox fee of 2,000 baht per day. What is the NPV of accepting the lockbox service? (Do not round intermediate calculations and round your answer to two decimal places, e.g., 32.16)
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