show work please, thanks Assume the following facts about a firm: Annual...
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Finance
show work please, thanks 
Assume the following facts about a firm: Annual cost to maintain a lock box system $1,500 Cost to process each check $0.15 Average amount of each check received $1,500 Number of checks received per year 4,000 Interest rate on borrowed funds 8.0% Would a lock box system that reduces check clearing time from six to three days be justified? If so how much would it save per year
show work please, thanks
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