Question: I don't understand this. Please thoroughly explain. I ' m trying to complete with paper and pencil. Please fully explain how I show calculate not

I don't understand this. Please thoroughly explain. I'm trying to complete with paper and pencil. Please fully explain how I show calculate not understanding how.
P15-13 Lockbox system Eagle Industries believes that a lockbox system can shorten its accounts
receivable collection period by three days. Credit sales are $3,240,000 per year, billed on a
continuous basis. The firm has other equally risky investments that earn a return of 15%. The cost
of the lockbox system is $9,000 per year. (Note: Assume a 365-day year.)
a. What amount of cash will be made available for other uses under the lockbox system?
b. What net benefit (cost) will the firm realize if it adopts the lockbox system? Should it adopt the
proposed lockbox system?
 I don't understand this. Please thoroughly explain. I'm trying to complete

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