Question: A firm is evaluating a lockbox system that will decrease average collection times by 1.5 days at a cost of $93 per day. If the

A firm is evaluating a lockbox system that will decrease average collection times by 1.5 days at a cost of $93 per day. If the firm receives 2,250 checks that average $252 each and the daily Treasury bill rate is 0.013%, what is the net present value for this decision? A) $64,893 OB) $73,013 OC) $58,497 D) $34,508 E) $75,500

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