Question: solve it Help Save & Exit Invention, Inc receives an average of 250 checks a day. The average amount per check is $450. The firm

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Help Save & Exit Invention, Inc receives an average of 250 checks a day. The average amount per check is $450. The firm is considering a lockbox system which it anticipates will reduce the average collection time by 3 days. The bank charges 5.15 a check for this service. The daily interest rate on Treasury bills is.01% What is the net present value of this lockbox arrangement? Multiple Choice O $300,000.00 O $50625 O $1125.00 Learch o ENG

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