Question: Question Completion Status 12 14 15 Close Window L A Moving to another question will save this response. Question 7 of 16 Question 7 6.67

Question Completion Status 12 14 15 Close Window L A Moving to another question will save this response. Question 7 of 16 Question 7 6.67 points Save Anwwer Your company receive an average check amount of $69. You usually receive 1,846 checks per day. A bank offers you a lockbox service that will decrease your total collection time by 1 day. The daily interest rate is 0.02 percent. What is the NPV of the lockbox project if the bank charges a fee of $161 per day? Answer in 2 decimal places. MacBook Pro Z G H K B N M Crn

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