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Nbspif the firms opportunity cost on savings is 49 percent

1. Pacific Traders has annual sales of $1,724,684. The firm's financial manager has determined that using a lockbox will reduce collection time by 3.9 days. If the firm's opportunity cost on savings is 4.9 percent, the savings from using the lockbox are $____ per year?

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Financial Management: Nbspif the firms opportunity cost on savings is 49 percent

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Financial Management: Nbspif the firms opportunity cost on savings is 49 percent

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