Your firm has an average receipt size of $80. A bank has approached you concerning a lockbox service that will decrease your total collection time by 1 day\. You typically receive 9,500 checks per day. The daily interest rate is 0.014 percent. If the bank charges a fee of $180 per day, what is the NPV of the lockbox project? NPV $ (525,714) $(525,714) $ (10,514) $ 759,820 $(546,743) What would the net annual savings be if the service were adopted? Net annual savings $(27,560.24) $ (551.20) $(28,938.25) $(26,182.23)