npv collection

Project Description:

npv and collection time - your firm has an average receipt size of $108. a bank has approached you concerning a lockbox service that will decrease your total collection times by two days. you typically receive 8,500 checks per day. the daily interest rate is .016 percent. if the bank charges a fee of $225 per day, should the lockbox project be accepted? what would the net annual savings be if the service were adopted?
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Project Stats:

Price Type: Negotiable

Total Proposals: 4
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