Question: Please note that the subject is Financial Management . Course hero only shows courses like finance and financial Accounting. I need help with this question.

Please note that the subject is Financial Management. Course hero only shows courses like finance and financial Accounting.

I need help with this question. Thank you in advance!

Problem 1. Leeft Bank offers to reduce the collection time for your company's daily cash receipts by two days with its cash management system. This service will cost you $15,000 per year. Currently, short term money market rates average 5%. If you anticipate annual sales of $46.355 million, would you accept the bank's offer?

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