A . Anthony & Sons Concrete Company has been offered by its bank to manage its cash
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Question:
A Anthony & Sons Concrete Company has been offered by its bank to manage its cash at a cost of $ per year. Under the proposed cash management, the firm can reduce the cash required on hand by $ Since the bank is also doing a lot of record keeping, the firm's administrative cost would decrease by $ per month. What recommendation would you give the firm with respect to the proposed cash management assuming the firm's opportunity cost is percent?
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