Question: What approximate value should a firm put on being able to permanently reduce the length of its collection period by one day if annual sales

What approximate value should a firm put on being able to permanently reduce the length of its collection period by one day if annual sales (all on credit) are $5,000,000 and the appropriate opportunity cost is 10 percent annually? Multiple Choice O $1,370 O $13,700 O $15,068 O $50,000

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