Part B is incorrect. Please help me find the correct answer to part B

1000 points lt takes cookie cutter Modular Homes. Inc about sbe days to receive and deposit checks from customers, Cookie Cutter's management is considering a lockbox system to reduce the firm's collectio times. It is expected that the lockbox system will reduce receipt and deposit times to three days tot Average daily tions are $128 000, and the required rate of return is 5 percent per year Assume 365 days per year a. What is the reduction in outstanding cash balances as a result of implementing the lockbox system? b. What is the daily dolar retum that could be eamed on these savings? (Round your answer to 2 decimal places, g-, 32.160 Dolar return 19200 c-1 What is the maximum monthly charge Cookie Cutter should pay for this lockbox system payment is due at the end of the month? (Round your answer to 2 decimal places. (e,g.. 32.16) c-2 What is the maximum monthly charge Cookie Cutter should pay for this lockbox system if the payment is due at the beginning of the month? (Round your answer to decimal place 32.16) IMamm monthly charge s 1556 12 References eBook & Resources Worksheet 9-02 How nrms manage and some of the collection, concentration, and disbursement Difficulty: Basic