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  3. your firm has an average receipt size of $170. a b

Your firm has an average receipt size of $170. A bank hiss approached you concerning...

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Your firm has an average receipt size of $170. A bank hiss approached you concerning a lockbox service that will decrease your total collection time by one day. You typically receive 5,500 checks per day. The dailyinterest rate is 0.017 percent. The bank charges a lockbox fee of $130 per day. What is the NPV of accepting the lockbox agreement? (Round your answer to 2 decimal places. (e.g., 32.16)) NPV $ What would the net annual savings be if the service were adopted? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places, (e.g., 32.16)) Net annual savings $ Your firm has an average receipt size of $170. A bank hiss approached you concerning a lockbox service that will decrease your total collection time by one day. You typically receive 5,500 checks per day. The dailyinterest rate is 0.017 percent. The bank charges a lockbox fee of $130 per day. What is the NPV of accepting the lockbox agreement? (Round your answer to 2 decimal places. (e.g., 32.16)) NPV $ What would the net annual savings be if the service were adopted? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places, (e.g., 32.16)) Net annual savings $

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