Question: Martin Inc is considering a lock-box system that will increase its check processing cost by $0.15 per check. The company estimates an average check size

Martin Inc is considering a lock-box system that will increase its check processing cost by $0.15 per check. The company estimates an average check size of 1700 and expects the lock box to reduce collection time by 3 days. What annual before tax yield must Martin Inc earn on its marketable securities for the lock box system to be beneficial

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