Chapter 27 & 28

Question 4 (or 10 4 value 1.00 points Paper Submarine Manufacturing is investigating a lockbox system to reduce its collection time. It has determined the following: Average number of payments per day Average value of payment Variable lockbox fee (per transaction) Daily interest rate on money market securities 365 $ 955 $ 40 068% The total collection time will be reduced by three days if the lockbox system is adopted. a. What is tho PV of adopting the system? (Do not round intermediate calculations and round your b. What is the NPV of adopting the system? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g, 32.) NPV G. What is the net cash flow per day from adopting the lockbox system? Per check? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Not cash flow Net cash ow per day per chek Hints References eBook& Resources Hint.#1 MacBook Air