Company ABC as determined that a majority of its customers are located in a big...
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Company ABC as determined that a majority of its customers are located in a big metro area. Therefore, it is considering using a fockbox system offered by a bank located in the city center. The bank has estimated that use of the system will reduce collection time by 2 days Average number of payments per day 740 Average value of payment $900 Variable lockbox foe per transaction) $ 0.7 Daly interest rate on money market securities 0.35% What is the NPV of the new lockbox system? Numeric Response 1,330,520.00
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