What is the npv of the lockbox service

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Reference no: EM13813936

Acne Co. has average sales of $40. You could reduce collection time by 2 days by using a lockbox facility in Omaha, NE. Acbe receives an average of 10,000 checks per day, The annual interest rate is 9%. The back charges $160 daily for the lockbox service. What is the NPV of the lockbox service? Do you pursue this service?

Reference no: EM13813936

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