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If a company can implement cash management systems and save 3 days by reducing remittance...

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Finance

If a company can implement cash management systems and save 3 days by reducing remittance time and 2 days by increasing disbursement time based on P3,000,000 in average remittances and P2,500,000 in average disbursements and their return on freed up funds is 12%, what is the max they should spend on the system? (The answer is letter B but may I ask for a solution for a better understanding)

A. P2,000,000

B. P1,650,000

C. P1,250,000

D. P1,000,000

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