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Business, 21.04.2020 22:02 seraphina05
If Merilee Industries installs a lockbox system it should reduce its average collection time by 2.2 days at a cost of $.75 per check. On an average day, 594 checks with an average value of $4,618 each are received. The daily interest rate on Treasury bills is .009 percent. What is the net present value of this lockbox arrangement?
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If Merilee Industries installs a lockbox system it should reduce its average collection time by 2.2...
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