Question: Question 18 (of 30) Using the Net Present Value to measure the benefits of using a lockbox system is reliable. Therefore, assume that Tesla is

Question 18 (of 30) Using the Net Present Value to measure the benefits of using a lockbox system is reliable. Therefore, assume that Tesla is considering the use of a lockbox system This system is expected to reduce the collection time by 5 days. Assume that on a daily basis, Tesla firm receives 800 checks with an average value of $390 each. The dally Interest rate on Treasury bills is 04 percent. The bank charge per check would be $.75 What is the net present value of this lockbox system? O $60,000 $59.200 O $61.600 $57 250 $56.000

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